Business

Ana Peterson

17 August, 12:47

You want to leave $500,000 to charity after you die. you have $1,500,000 at retirement and a life expectancy of 20 years. if you can earn 5% per year, how much can you withdraw each year for 20 years and still have $500,000 left to give to charity when you die?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “You want to leave $500,000 to charity after you die. you have $1,500,000 at retirement and a life expectancy of 20 years. if you can earn ...” 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

If cash received for future services is initially recorded in revenue accounts and the company has not yet performed all of the required services at the end of the accounting period, then failure to make an adjusting entry will cause liabilities to

True or false. before allowing an employee to enter an excavation at least four feet deep it must be tested for oxygen deficiency and toxic fumes.

Teltos Inc. is seeking ways to motivate its "creative types." Which of thefollowing ways can be considered by the firm to encourage creativity amongthe creatives? A Avoiding training programs as creatives cannot benefit from.

Jason and Hernando both decided to invest in the same company. Jason expects to be paid back in full for his investment plus some interest, whereas Hernando only expects to receive dividends from his investment.

A woman deposits $11 comma 000 at the end of each year for 15 years in an account paying 5 % interest compounded annually. (a) Find the final amount she will have on deposit. (b) Her brother-in-law works in a bank that pays 4 % compounded annually.

New Questions in Business

The technician's first step in a/c system service should be to:

Which one of the following statements is true of specific identification? A. Flow of goods and flow of cost are the same. B. Ending inventory isn't associated with specific purchase prices. C. Low-cost items aren't used in this method. D.

At the end of the first year of operations, the total cost of the trading securities portfolio is $245,000. Total fair value is $250,000. The financial statements should show A. an addition to an asset of $5,000 and a realized gain of $5,000. B.

Planner Corporation owns 60 percent of Schedule Company's voting shares. During 20X3, Planner produced 25,000 computer desks at a cost of $82 each and sold 10,000 of them to Schedule for $94 each.

When Fair Oaks' management shares its vision with its 300-plus employees and seeks feedback, it is able to influence employees and gain buy-in from them. Which managerial function is the company performing?