What maximum annual withdrawals will a $200,000 fund earning 6% compounded annually sustain for 20 years if
Question:
a. At the beginning of each year?
b. At the end of each year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
a Given PV due 200000 n 20 i 6 Substitute into ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What maximum annual withdrawals will a $300,000 fund earning 7.75% compounded annually sustain for 25 years if the withdrawals are made: a. At the beginning of each year? b. At the end of each year?
-
Greg Fredericks wishes to have $800,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump-sum deposit today. a. If he can earn 6 percent on his...
-
Chris Jones wishes to have $800,000 in a retirement fund 20 years from now. He can create the retirement fund by making a single lump-sum deposit today. a. If he can earn 6 percent on his...
-
The following list of balances has been extracted from the records of company cowgale co as of 31 October 2017 the end of the most recent financial year. Notes 1. The balance on the corporation tax...
-
Miltonics Potions Ltd. (MPL) is a privately held Ontario corporation engaged in the development and marketing of patent medicines. In early 20X1 the companys research chemists began working on a...
-
How much heat is required when 10,000 kg of CaCO3 is heated at atmospheric pressure from 50(C to 880(C?
-
Suppose there are two risky assets with means 1 = 1.08, 2 = 1.16, standard deviations 1 = 0.25, 2 = 0.35, and correlation =
-
L. R. Updike owns a department store that has a $50,000 balance in Accounts Receivable and a $2,500 credit balance in Allowance for Doubtful Accounts. 1. Determine the net realizable value of the...
-
The income from operations and the amount of invested assets in each division of Shiner Industries are as follows: Income from Invested Operations Assets Retail Division $70,400 $320,000 Commercial...
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
To accumulate $200,000 after 20 years, what amount must be invested each year if the investment earns 9% compounded annually and the contributions are made: a. At the beginning of each year? b. At...
-
Triex Manufacturing wants to accumulate $500,000 for an expansion planned to begin in five years. If today Triex makes the first of equal quarterly payments into a fund earning 5.4% compounded...
-
Allowance Method for Accounting for Bad Debts At the beginning of 2008, EZ Tech Companys accounts receivable balance was $140,000 and the balance in Allowance for Doubtful Accounts was $2,350 (cr.)....
-
Problem 8-19 (Algo) Cash Budget; Income Statement; Balance Sheet [LO8-2, LO8-4, LO8-8, LO8-9, LO8- 10] Minden Company is a wholesale distributor of premium European chocolates. The company's balance...
-
Consider the unsteady flow of a fluid in the x direction through a control volume. The linear momentum of the fluid within the control volume is a function of time given by 200ti slug*ft/s, where t...
-
For a continuous uniform distribution with u = 0 and o = 1, the minimum is - V3 and the maximum is V3. For this continuous uniform distribution, find the probability of randomly selecting a value...
-
Marc Goudreau, administrator of Clearwater Hospital, was puzzled by the prior month's reports. "Every month, it's anyone's guess whether the lab will show a profit or a loss. Perhaps the only answer...
-
A system consisting of a gas consisting of O2 (32 Da), H2 (2 Da), and Ar (40 Da) molecules and a billiard ball is at some temperature . Relative to O2, the billiard ball is 1.0 E+26 times as massive...
-
What are open market operations? How does the Fed use these operations to increase or decrease the money supply?
-
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
-
Which of the following ratios is used to measure a firm's efficiency? a. Net income \(\div\) Equity b. Net sales \(\div\) Average total assets c. Assets \(\div\) Equity d. Net income \(\div\) Sales
-
(EPS with Complex Capital Structure) Amy Dyken, controller at Fitzgerald Pharmaceutical Industries, a public company, is currently preparing the calculation for basic and diluted earnings per share...
-
(Basic EPS: Two-Year Presentation) Melton Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2010, and May 31,...
-
(Computation of Basic and Diluted EPS) Charles Austin of the controllers office of Thompson Corporation was given the assignment of determining the basic and diluted earnings per share values for the...
-
Present Value Computations Using the present value tables, solve the following. ( Click here to access the PV and FV tables to use with this problem. ) Round your answers to two decimal places....
-
A company provided the following data: Sales $887,000 Variable costs $546,800 Fixed costs $310,000 Expected production and sales in units 36,000 What is the break-even point in sales dollars? Please...
-
How to solve them..equation and explain ..please.. 1. Selected information from the companys financial records is presented below Equipment, December 31, 2013 $300,000 Equipment, December 31, 2014...
Study smarter with the SolutionInn App