Alpha Geek

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Category > Business & Finance Posted 03 Aug 2017 My Price 8.00

Carl Wilfred wishes to have $400,000 in a retirement fund 20 years from now. He can create

Carl Wilfred wishes to have $400,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump-sum deposit today.

a. If he can earn 6% on his investments, how much must Carl deposit today to create the retirement fund? If he can earn only 4% on his investments? Compare and discuss the results of your calculations.

b. If upon retirement in 20 years Carl plans to invest the $400,000 in a fund that earns 5%, what is the maximum annual withdrawal he can make over the following 15 years?

c. How much would Carl need to have on deposit at retirement to annually withdraw $35,000 over the 15 years if the retirement fund earns 8%?

d. To achieve his annual withdrawal goal of $35,000 calculated in part c, how much more than the amount calculated in part a must Carl deposit today in an investment earning 5% annual interest?

Answers

Alpha Geek
(8)
Status NEW Posted 03 Aug 2017 06:08 PM My Price 8.00

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Attachments

file 1501785104-2105332_1_636324585050786239_Carl.xlsx preview (73 words )
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