Order
Toll-free 24/7:
+1 725-224-8795
Order

Withdrawals at Retirement Assignment

Author:
February 19th, 2020

a45 79 to you 7. Your friend is celebrating her 25th birthday today and wants to start saving for her anticipated retirement at age 65. She wants to be able to withdraw $200,000 from her savings account on each birthday for 15 years following her retirement; the first withdrawal will be on her 66h birthday. Your friend intends to invest her money in a retirement account, which earns an 8 percent return per year. She wants to make an equal annual deposit on each birthday into the account for her retirement fund.

Assume that the annual return on the retirement account is 8 percent before and after her retirement. Ignore taxes and transaction costs for the problem. a) If she starts making these deposits on her 26h birthday and continues to make deposits until she is 65 (the last deposit will be on her 65th birthday and the total number of annual deposits is 40), what amount must she deposit annually to be able to make the desired withdrawals at retirement? (Hint: One way to solve for this problem is to first find the value on your friend's 65th birthday of the $200,000 withdrawal per year for 15 years after her retirement and then find the equal annual deposit that she needs to make from her 26h to 65 birthday.) b) Suppose that whenever your friend makes the annual deposit to the retirement account, her employer will contribute $2,000 to the same account every year as part of the company's profit-sharing plan. In addition, your friend will receive a $30,000 distribution from a family trust fund on her 25th birthday, which she will also put into the retirement account. What amount must she deposit annually now to be able to make the desired withdrawals at retirement? .

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
SEO
Well researched on and all the instructions followed.
Customer 463869, March 24th, 2023
Education
Always proofread before submitting to eliminate minor errors.
Customer 462495, April 3rd, 2022
Business
Excellent.
Customer 452441, April 7th, 2022
English 101
I wish the writer would have picked a more natural topic. Although the work is good, it is obvious that the writer of the material is African American. The fact that I am not African American raises questions.
Customer 462899, April 26th, 2022
Military
excellent
Customer 456821, September 8th, 2022
Business
Thank you for following all instructions. Good piece
Customer 463337, March 1st, 2023
lesson plan
great work
Customer 454025, April 10th, 2020
Marketing
Very good job! I really appreciate the work and effort you've done. it helped me a lot. the feedback has been followed one by one and I appreciate that! I will assign you for future work, and I will be sending a tip soon!
Customer 462787, August 1st, 2022
English 101
Good work.
Customer 456823, May 15th, 2022
Social Work and Human Services
Good work.
Customer 462793, July 8th, 2022
Ecology
Good
Customer 453413, April 19th, 2020
Web Design
Well done
Customer 452441, April 15th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat