Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years, during which time the fund will earn 8% interest with monthly compounding? (roound to the nearest hundred dollar). A. $261,500.00 B. $323,900.00 C. $578,700.00 D. $690,000.00 E. Cannot be determined due to other factors.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The United States is___. A. the leading exporter, but not the leading importer in the world B. the leading importer and exporter in the world. C. The leading importer, but not the leading exporter in the world D.
Answers (2)
Calculate the single risk premium (to 2 decimal places) to be charged today on an insurance product that pays regular claims of $500 in 1,2,3, ...,25 years from today. Use an interest rate of 4% per annum.
Answers (1)
1. What is the difference between structural and cyclical unemployment? In this context, what is the difference between Europe and the US? What is the evidence that Krugman uses to back his opinion
Answers (1)
Jorge's boss reprimanded him for an accounting error in front of his co-workers. Jorge gets home from his job and yells at his wife for not having dinner ready. His wife then yells at the children for leaving their toys all over the house.
Answers (1)
Flint Company borrowed $49,200 on November 1, 2020, by signing a $49,200, 10%, 3-month note. Prepare Flint's November 1, 2020, entry; the December 31, 2020, annual adjusting entry; and the February 1, 2021, entry.
Answers (1)
New Questions in Business
Secular inflation in the United States since 1960 has been most likely be the result of persistent leftward shifts of the aggregate demand curve. persistent rightward shifts of the long-run aggregate supply curve.
Answers (1)
Which of the following roles require publicly-traded companies to have an internal audit function? A) The New York Stock Exchange (NYSE) B) The Internal Revenue Service (IRS) C) The stockholdersD) The Board of Directors
Answers (1)
Which of the following is an example of self-interest that attempts to promote the public interest? A mother prevents her children from becoming vaccinated against measles, mumps, and rubella because of fears of autism.
Answers (1)
Employers may require job candidates take a personality test to make sure they are the right fit for their company. true or false
Answers (1)
Which of the following is an illegal marketing practice? A. Premium pricing B. Loss-leader pricing C. Bait-and-switch D. Vertical price fixing E. Prestige pricing
Answers (1)