Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 Jan 2018 My Price 5.00

Mark and Mike Lalla

Brothers, Mark and Mike Lalla want to plan for their retirement and need your advice. Mark plans to travel extensively in the first 5 years of his retirement and will need $450,000 each year to do so. After that he will be able to live on $100,000 per year. Mark does not know how long he will live so once started, he needs to be able to withdraw the $100,000 each year forever. Mike plans on having some income from a part time job in the first 5 years of his retirement so will only need $50,000 per year. He then plans on travelling lavishly for the next 6 years and will need $750,000 per year. He figures he will not live past that point so will not need any more funds. Both men will retire next year and thus will need the first cash flow from his retirement fund at that time. If both can earn an 8% rate of return, calculate how much each brother will need today to realize his retirement dream.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Jan 2018 09:01 PM My Price 5.00

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