QUESTION 7 Your favorite aunt opens a savings account on your name and deposits 54,000 the end

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

Question:

QUESTION 7 Your favorite aunt opens a savings account on your name and deposits 54,000 the end of each year for 10 years. The account earns an interest rate of 17 Aher the final deposit, you move the accumulated savings to your brokerage account and invest in the stock market where they can an average return of 5.8 for the following 19 years. How much will you have your account the end? Round to the nearest cent. QUESTIONS You have $166.000 in an account earning 32 per year. You plan to make 12 annual withdrawals out of this account starting 5 years from today. What are the qualanul withdrawals you can make that wil deplete the account at the end? a $17,73666 b. 519.142.53 6. $12.742.71 d. $1535141 e $21,669.66 1515.878.98 DE $12.918.79

Posted Date: Jul 12, 2024 02:23 AM

See More Questions

If x is a binomial random variable, use Table I in Appendix B or technology to find the following probabilities: LO9 a. P1x = 92 for n = 24, p = .7 b. P1x 52 for n = 15, p = .5 c. P1x = 22 for n =...
The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high...
Chapter 7 problem 3 Moss Piano Company purchased a Delivery Truck on May 1 , 2 0 2 4 the cost of the asset, the salvage value and the useful life information is provided in the table below. The miles...
Answer in type written please thank you Part-B (Case Writing) ( RONA, the 500-store national chain of hardware, garden and home renovation centers, had not seen an improvement in same store sales in...
In Exercises 29 and 30, find the probabilities and indicate when the "5% guideline for cumbersome calculations" is used. 29. Medical Helicopters In a study of helicopter usage and patient survival,...
Introduction to Internetworking Project 1: Ctrl-Alt-Del Inc. INTRODUCTION You have accepted a contract to participate in the design of the network infrastructure of a company called Ctrl-Alt-Del Inc....
Construct Arguments Tell whether each statement is always true, sometimes true, or never true. Explain. a. An integer is a whole number. b. A natural number is a rational number. c. An irrational...
Please answer the following Questions : 1. Who are the competitors for Whole Foods? 2. Do you consider traditional supermarkets to be competitors for natural and organic supermarkets? 3. How would...
LNC Corp is trying to determine the effect of its inventory turnover ratio and DSO on its cash conversion. Credit sales in 2016 is $101,000, cost of goods sold will be 70% of sales and it earned a...

QUESTION 7 Your favorite aunt opens a savings account on your name and deposits 54,000 the end

Question:

Expert Answer:

Students also viewed these finance questions