Business, 19.09.2019 17:10 juniorracer148

Derek plans to retire on his 65th birthday. however, he plans to work part-time until he turns 72.00. during these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. exactly one year after the day he turns 72.0 when he fully retires, he will begin to make annual withdrawals of $124,626.00 from his retirement account until he turns 91.00. after this final withdrawal, he wants $1.08 million remaining in his account. he he will make contributions to his retirement account from his 26th birthday to his 65th birthday. to reach his goal, what must the contributions be? assume a 8.00% interest rate.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 20:40

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Answers: 1

Answer

Business, 22.06.2019 23:30

Which statement best describes the two reactions? abcl, + h2 → 2hci2h + h = he + inreaction a involves a greater change, and reaction b involves a change in element identity.reaction b involves a greater change and a change in element identityreaction a involves a greater change and a change in element identity.reaction b involves a greater change, and reaction a involves a change in element identity.

Answers: 1

Answer

Business, 23.06.2019 08:30

During his last performance review, franco's boss urged him to set some short-term and long-term sales goals to him perform better at work. which workplace skill does franco's boss want him to improve?

Answers: 2

Answer

Business, 23.06.2019 20:00

Harveys corporation borrowed $60,000 from the bank on november 1, 2014. the note had a 6 percent annual rate of interest and matured on april 30, 2015. interest and principal were paid in cash on the maturity date. required a. what amount of interest expense was paid in cash in 2014?

Answers: 1

Answer

You know the right answer?

Derek plans to retire on his 65th birthday. however, he plans to work part-time until he turns 72.00...

Questions