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Input Current age 25 Retirement age 60 Number of years until retirement 35 Annual withdrawal ($) 120,000 Number of years to withdraw 20 Interest rate
| Input | ||||
| Current age | 25 | |||
| Retirement age | 60 | |||
| Number of years until retirement | 35 | |||
| Annual withdrawal ($) | 120,000 | |||
| Number of years to withdraw | 20 | |||
| Interest rate (%) | 6.00% | |||
| Employer contribution ($) | 5,000 | |||
| Trust fund distribution ($) | 150,000 | |||
| Age at trust fund distribution | 45 | |||
| Years until distribution | 20 | |||
| Calculation & Output | ||||
| Present value of withdrawals | ||||
| Question 4 | ||||
| Annual deposit until retirement | ||||
| Question 5 | ||||
| Present value in lump sum | ||||
| Question 6 | ||||
| Value of employer's contribution at retirement: | ||||
| Value of trust fund at retirement: | ||||
| Amount required at retirement | ||||
| Annual deposit until retirement |
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The Nurse Managers Guide To Budgeting And Finance
Authors: Al Rundio
2nd Edition
1940446589, 978-1940446585
