Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pls answer asap i upvote you wish to retire in 40

Pls answer ASAP I upvote You wish to retire in 40 years. At that...

60.1K

Verified Solution

Question

Accounting

Pls answer ASAP I upvote

You wish to retire in 40 years. At that time, you want to have enough to provide for an income of $85,000 per year for 20 years. How much will you need to invest per year for those 40 years to reach that goal? Assume annual compounding and an average rate of 7.0%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(Subject is Marketing Management MGT-201) A business plan identifies the responsibilities of general management as they pertain...

General Management
Q

Budgets: Discussion question RD Ltd. is in the process of preparing its budgets for 2020. The company...

Accounting
Q

For this project you will be demonstrating a simple body novement we use every day...

Biology
Q

Suppose a point has polar coordinates (-4, -11?/6) with the angle measured in radians.Find two...

Basic Math
Q

Bentley invested $26,000 in an account paying an interest rate of 6.8% compounded daily. Assuming...

Basic Math
Q

Divide the polynomials Express numbers using integers or simplified fractions Check your answer by multiplication...

Algebra
Q

Question 8 of 15 Graph the logarithmic function g x log x 1 To do...

Algebra
Q

The graph of a function y f x is shown to the right For this...

Algebra
Q

Explain the use of a worksheet in preparing a statement of cash flows. When numerous...

Accounting
Q

2.2: Marly company has the draft statement of financial position at 30 Jun 20X0: Assets...

Accounting
Q

Adjusting Entry for Accrued Fees At the end of the current year, $7,640 of fees...

Accounting
Q

Can someone explain this to me? Question 40 0 / 4.5 pts You...

Finance