You plan to retire in 10 years with $385,337. You plan to make X withdrawals of $59,856 per year. The expected return is 17.26 percentper year and the first regular withdrawal is expected in 10 years. What is X?Input instructions: Round your answer to at least 2 decimal places.

Step 1: Given Value for Calculation Present Value in year 10 = pv = $385,337Withdrawals = w =…

Answered: You plan to retire in 10 years with…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

See similar textbooks

Similar questions

You plan to retire in 5 years with $429,887. You plan to withdraw $67,100 per year for 12 years. The expected return is X percent per year and the first regular withdrawal is expected in 6 years. What is X? Input instructions: Input your answer as the number that appears before the percentage sign. For example, enter 9.86 for 9.86% (do not enter .0986 or 9.86%). Round your answer to at least 2 decimal places. percent
You plan to retire in 3 years with $911,880. You plan to withdraw $X per year for 18 years. The expected return is 18.56 percent per year and the first regular withdrawal is expected in 3 years. What is X? Input instructions: Round your answer to the nearest dollar. 99 $
You plan to save $41,274 per year for 4 years, with your first savings contribution later today. You then plan to make X withdrawals of $41,502 per year, with your first withdrawal expected in 4 years. What is X if the expected return per year is 8.28 percent per year? Input instructions: Round your answer to at least 2 decimal places.
You plan to save $19,051 per year for 5 years, with your first savings contribution in 1 year. You then plan to make X withdrawals of $30,608 per year, with your first withdrawal expected in 5 years. What is X if the expected return per year is 14.61 percent per year? Input instructions: Round your answer to at least 2 decimal places.
Please make sure you're using the right formula and rounding correctly I have asked this question four times and all the answers have been incorrect.
Use up to 6 decimal places during solving for the answer. Write all numerical final answers round off up to TWO (2) decimal places. 1. If I invest 32.195 today and expect a reimbursement every end of 6th month with a ROR of 0.13 compounded semi-annually for 3 years. How much will ! expect to receive every June and December of every year.
You want to have $5 million when you retire in 30 years. You feel that you can save $750 per month until you retire. What APR do you have to earn in order to achieve your goal? Enter your answer as a percentage rounded off to two decimal places. Do not enter % in the answer box.
You have $20,800.51 in a brokerage account, and you plan to deposit an additional $3,000 at the end of every future year until your account totals $280,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.
Suppose today you signed a contract for a special assignment over the next 6 years. You will be paid $11492 at the end of each year. If your required rate of return is 11%, what is this contract worth today? (Show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer.)
If you invest $9,700 per period for the following number of periods, how much would you have received at the end? Use Appendix C. (Round "Factor" to 3 decimal places. Round the final answers to the nearest whole dollar.) a. 11 years at 9 percent Future value $ b. 16 years at 11 percent Future value $ c. 30 periods at 10 percent Future value $
You plan to save $X per year for 7 years, with your first savings contribution in 1 year. You and your heirs then plan to make annual withdrawals forever, with your first withdrawal expected in 8 years. The first withdrawal is expected to be $43,596 and all subsequent withdrawals are expected to increase annually by 1.84 percent forever. What is X if the expected return per year is 11.34 percent per year? Input instructions: Round your answer to the nearest dollar. $
My answer keeps having an x for incorrect what is the correct answer

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

You plan to retire in 10 years with $385,337. You plan to make X withdrawals of $59,856 per year. The expected return is 17.26 percent per year and the first regular withdrawal is expected in 10 years. What is X? Input instructions: Round your answer to at least 2 decimal places.