Your older brother turned 35 today, and he is planning to save $7,000 per year for retirement, with the first deposit to be made one year from today. He will invest in a mutual fund that's expected to provide a return of 7.5% per year. He plans to retire 30 years from today, when he turns 65, and he expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can he spend each year after he retires? His first withdrawal will be made at the end of his first retirement year.
A. $58,601
B. $61,686
C. $64,932
D. $68,179
E. $71,588
Answer: C
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"Relative risks" are determined by comparing the probabilities of harm involved in various activities.
Answer the following statement true (T) or false (F)
Which of the following statements about African American buying patterns is most accurate?
A. When socioeconomic status differences between African Americans and Caucasians are removed, there are more similarities than points of difference. B. African Americans are not price conscious but are strongly motivated by quality and choice. C. African Americans spend more on products for women and girls, especially in terms of clothing. D. Adult African Americans spend half as much on online services than Caucasians. E. There are significant differences between the buying patterns of African Americans and Caucasians of similar socioeconomic status.
Marcus, Leroy, and Mallory are planning to give a team presentation on diversity for their company. Which of the following is NOT an effective guideline for their team presentation?
a. All team members should respond to each question asked at the end of the presentation. b. The team members should agree on the purpose and schedule. c. The team should pay close attention to each other as each member presents. d. The team should plan seamless transitions between presenters.
If goods have been delivered to a buyer pursuant to a sale or return contract, the:
a. Buyer may use the goods but not resell them. b. Seller is liable for the expenses incurred by the buyer in returning the goods to the seller. c. Title to the goods remains with the seller. d. Risk of loss for the goods passes to the buyer.