please help How much must you deposit each year into your retirement account starting now and continuing

Fantastic news! We've Found the answer you've been seeking!

Question:

please help

How much must you deposit each year into your retirement account starting now and continuing through year 15 if you want to be able to withdraw $80,000 per year forever, beginning 30 years from now? Assume the account earns interest at 10% per year. The amount to be deposited is determined to be $

Posted Date: Jun 22, 2024 02:03 PM

See More Questions

Case Problem with Sample AnswerAutomatic Stay. Michelle Gholston leased a Chevy Impala from EZ Auto Van Rentals. In November 2011, Gholston filed for bankruptcy. Around November 21, the bankruptcy...
During registration at State University every semester, students in the college of business must have their courses approved by the college adviser. It takes the adviser an average of 2 minutes to...
Answer macroeconomics questions A life aged 40 effects a 25-year without profits endowment assurance policy with a sum assured of $50,000 (payable at the end of the year of death or on survival to...
I need an example of how to, develop a Consumer Needs Assessment Report. A Needs Assessment refers to a systematic process of collecting information to help management teams make informed decisions...
(1) The Mean Value Theorem states: Let f be continuous over the closed [a, b] and differentiable over the open interval (a, b). Then, there exists at least one point c E (a, b) such that: f(b) - f(a)...
Assume you are an Israeli investor; the symbol for the Israeli currency, the shekel, is ILS. You see that stock for Top Image has a bid price of ILS 17 and an ask price of ILS 19 in Israel, a bid...
3. Given the continuous beam shown below, which span or spans should be loaded with a uniform distributed load to produce a maximum moment at support B? (5 points) SPAN 1 SPAN 2 SPAN 3 A B D 20 ft...
Complete the following writing assignment: Analyze the attached 10_pages. Write_about them, summarize what you read, and connect it to personal experiences. CHAPTER 8 Anxiety Disorders DAVID P....
As a manager of an airline company you want to learn the average weight of luggages checked in on a flight. From a sample of 1 6 luggages, you find the average to be 2 6 kg and the standard deviation...
How much would you have to invest today to receive the following? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator...

please help How much must you deposit each year into your retirement account starting now and continuing

Question:

Expert Answer:

Students also viewed these economics questions