Business, 23.04.2021 02:30 hendersontianna05

ou are planning your retirement in 10 years. You currently have $164,000 in a bond account and $604,000 in a stock account. You plan to add $7,600 per year at the end of each of the next 10 years to your bond account. The stock account will earn a return of 10.5 percent and the bond account will earn a return of 7 percent. When you retire, you plan to withdraw an equal amount for each of the next 21 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 6.25 percent. How much can you withdraw each year in your retirement

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:40

Select the correct text in the passage.which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy.de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des.monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy

Answers: 3

Answer

Business, 23.06.2019 11:30

When balancing wheels with either dynamic or road force balancers, technician a says it is really important to follow the instructions provided with the particular balancer you're using. technician b says that when rebalancing a wheel, if it is out of balance, it is best to remove the old weights and recheck the balance before adding new weights. who is correct?

Answers: 2

Answer

Business, 23.06.2019 12:20

What term refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field?refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field.

Answers: 2

Answer

Business, 23.06.2019 20:30

Mike, the chief executive officer (ceo) of a retail chain, wanted to keep costs low. to set an example for others, he drove his own car and furnished his office with plain, metal desks. in this case, mike was displaying:

Answers: 1

Answer

You know the right answer?

ou are planning your retirement in 10 years. You currently have $164,000 in a bond account and $604,...

Questions