You started a business plan and your income is as follows:
What would be equivalent “4” year annuity? 10% rate
here , I have first calculated the present values of individual cash flows using the interest rate of 10%
and total present value of the 3 year cash flows is calculated by summing the individual present values
to calculate annuity equivalent , present value interest rate factor of annuity (PVIFA) is calculated
You started a business plan and your income is as follows: Year 1: $40 Year 2:...
A- What is the present equivalent of the following cash flow? Assume interest rate is 8%. B- Imagine you have some rich cousin who looks down at you. She thinks you are incapable of managing your own affairs and talks you into supplementing some form of future retirement income through some individual retirement plan. You are supposed to retire in 15 years. You have to make 15 annual deposits into your account until you retire. The first deposit is $10K,...
You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4700 per month. You have access to an account that pays an APR of 4.8% compounded monthly. What size nest egg do you need to achieve the desired monthly yield? (Round your answer to the nearest cent.)
You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4800 per month. You have access to an account that pays an APR of 4.8% compounded monthly. What size nest egg do you need to achieve the desired monthly yield? (Round your answer to the nearest cent.) eBook
You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4000 per month. You have access to an account that pays an APR of 7.2% compounded monthly. This requires a nest egg of $555,873.10. What monthly deposits are required to achieve the desired monthly yield at retirement? (Round your answer to the nearest cent.) eBook
You have just turned 40 and you plan to save for retirement. You plan to retire in 20 years. Once you retire you would like to have an income of $80,000 per year for the next 10 years. Determine the amount you must deposit at the beginning of each year to finance your retirement income. Use the following assumptions to determine this annual deposit: All savings compound at a rate of 12% per year. You make the first deposit today...
federal income tax question
Question 2 of 10. Jenna, a small business owner, started a SIMPLE-IRA plan on January 1 2019. She makes a 3% matching contribution to the accounts. Her employees are as follows: • Henry, $24,000 compensation, defers 5% of salary • Justine, 535,000 compensation, defers 10% of salary • Niam, $40.000 compensation, defers 0% of salary Jenna's net self-employment income is $90.000 and she contributes 10% of her salary. How much does Jenna's business contribute in matching...
Question #17: You just started your Retirement Savings Plan by investing $5,000. You do not plan on making any additional investments in the Plan. Required: If you can earn 8.4% on this investment, what will your Retirement Savings Plan be worth in a) 35 years? b) 40 years?
Question #17: You just started your Retirement Savings Plan by investing $5,000. You do not plan on making any additional investments in the Plan. Required: If you can earn 8.4% on this investment, what will your Retirement Savings Plan be worth in a) 35 years? b) 40 years?
You are finishing your 3rd year in business with $544,000 of gross income and $256,000 in deductions. Two years ago, you had a net loss of $86,000 and last year, you had a net loss of $73,000. Calculate your taxable income for this year. B Taxable Income= 80 00 Vou AwN Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income before Interest $35,000,000 Business Interest Income $850,000 Interest Expense $16,500,000 How much interest expense...
1. [Bank Loan Considerations] Assume you started a new business last year with $50,000 of your own money, which was used to purchase equipment. Now you are seeking a $25,000 loan to finance the in- ventory needed to reach this year’s sales target. You have agreed to pledge your venture’s delivery truck and your personal automobile as support for the loan. Your sister has agreed to cosign the loan. During your initial year of operation, you paid your suppliers in...