subject
Business, 08.11.2019 05:31 keasiabrown25

You have just turned 22 years old, received your bachelor's degree, and accepted your first job. now you must decide how much money to put into your retirement plan. the plan works as follows: every dollar in the plan earns 6.6 % per year. you cannot make withdrawals until you retire on your 65th birthday. after that, you can make withdrawals as you see fit. you decide that you will plan to live to 100 and work until you turn 65. you estimate that to live comfortably in retirement, you will need $ 115 comma 000 per year, starting at the end of the first year of retirement and ending on your 100th birthday. you will contribute the same amount to the plan at the end of every year that you work. how much do you need to contribute each year to fund your retirement? your annual contribution should be $ nothing.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:30
The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t
Answers: 1
question
Business, 21.06.2019 20:30
Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation
Answers: 3
question
Business, 22.06.2019 16:10
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
question
Business, 22.06.2019 23:10
Tony prince is the project manager for the recreation and wellness intranet project. team members include you, a programmer/analyst and aspiring project manager; patrick, a network specialist; nancy, a business analyst; and bonnie, another programmer/analyst. other people are supporting the project from other departments, including yusaff from human resources and cassandra from finance. assume that these are the only people who can be assigned and charged to work on project activities. recall that your schedule and cost goals are to complete the project in six months for under $200,000.task 2identify at least eight milestones for the recreation and wellness intranet project. write a short paper describing each milestone using the smart criteria. discuss how determining these milestones might add activities or tasks to the gantt chart. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone.
Answers: 3
You know the right answer?
You have just turned 22 years old, received your bachelor's degree, and accepted your first job. now...
Questions
Questions on the website: 13722363