Joe downey is currently 65 years of age. he is currently drawing $20,000 a year out of his ira. he expects to live to 100 and wants to know what he needs now to insure himself that he will be able to draw the $20,000 at the beginning of each year for the next 35 years. he believes the account will earn 6 percent compounded annually for the next 35 years. how much money does he need in his account today?
Answers: 1
Business, 21.06.2019 22:30
True or false: banks are required to make electronically deposited funds available on the same day of the deposit
Answers: 2
Business, 22.06.2019 06:40
10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.
Answers: 3
Business, 23.06.2019 08:30
What effect, considered related to the secondary effect of advertisement, occurs as an advertisement begins to lose its impact when it gets old? the makes the advertisement lose its impact after it gets old.
Answers: 1
Joe downey is currently 65 years of age. he is currently drawing $20,000 a year out of his ira. he e...
English, 26.10.2020 22:30
Physics, 26.10.2020 22:30
Social Studies, 26.10.2020 22:30
Biology, 26.10.2020 22:30
Mathematics, 26.10.2020 22:30
Biology, 26.10.2020 22:30
Mathematics, 26.10.2020 22:30