QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 357 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Accounting Posted 24 May 2017 My Price 11.00

Interesting calculations, business and finance homework help

Question description

 

Lesson Assignment

Interesting calculations can help you determine how much you need when you retire and how much your money could be worth.

Scenario #1

Use the Retirement Calculator: Your monthly expenses when you retire, assuming your house is paid off and that you are not renting, are $1500 a month or $18000 a year (annually - food, gas, utilities, etc.) You are 20 years old and will retire at at 65. You figure you will be in retirement for 20 years and earn a return on your money market of 2% quarterly. How much do you need to save to live when you retire?

Scenario #2

Use the Savings & Investment Calculator: You were able to save $5000 during your teen years and you want to invest the money. You also want to start contributing $300 a month in mutual funds at age 20, with a return of 10%. How much will this be worth when you retire?

Answers

QuickHelper
(10)
Status NEW Posted 24 May 2017 08:05 AM My Price 11.00

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