subject
Business, 18.03.2020 20:57 eriksprincess13

You are planning your retirement in 10 years. You currently have $165,000 in a bond account and $605,000 in a stock account. You plan to add $7,500 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.75 percent and the bond account will earn a return of 7.25 percent. When you retire, you plan to withdraw an equal amount for each of the next 25 years at the end of each year and have nothing left. Additionally, when you retire you will transfer your money to an account that earns 6.5 percent. How much can you withdraw each year in your retirement

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 03:40
Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Answers: 1
question
Business, 22.06.2019 15:30
Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false
Answers: 1
question
Business, 22.06.2019 19:00
The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
Answers: 1
question
Business, 23.06.2019 00:30
Emerson has an associate degree. based on the bar chart below,how will his employment opportunities change from 2008 to 2018
Answers: 2
You know the right answer?
You are planning your retirement in 10 years. You currently have $165,000 in a bond account and $605...
Questions
question
Mathematics, 31.03.2021 01:00
question
Mathematics, 31.03.2021 01:00
question
Computers and Technology, 31.03.2021 01:00
question
Physics, 31.03.2021 01:00
Questions on the website: 13722359