subject
Business, 25.02.2021 23:00 randyg0531

You are planning to save for retirement over the next 45 years. To do this, you will invest $450 a month in a stock account and $300 a month in a bond account, beginning one month from today. The return on the stock account is expected to be 9.0 percent, and the bond account will pay 5.2 percent. When you retire, you will combine your money into an account with a 5.6 percent return. You plan to make equal monthly withdrawals for 30 years from your retirement account beginning one month from your date of retirement. You also plan to leave $6 million as bequest to your beneficiaries. Calculate the amount of your monthly withdrawals.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate because they are beyond the ability of firms to systematically manage and influence are referred to asanswers: socially complex.causally ambiguous.path dependent.the result of unique historical conditions.
Answers: 3
question
Business, 22.06.2019 10:40
At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:
Answers: 1
question
Business, 22.06.2019 17:00
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
Answers: 2
question
Business, 23.06.2019 08:30
Portionpac has been a good corporate citizen for fifty years. which of the following is not an argument in favor of social responsibility and corporate citizenship?
Answers: 3
You know the right answer?
You are planning to save for retirement over the next 45 years. To do this, you will invest $450 a m...
Questions
question
Mathematics, 01.09.2019 11:50
question
Mathematics, 01.09.2019 11:50
Questions on the website: 13722361