You have become a financial advisor and a new client has received a trust fund currently...
You have become a financial advisor and a new client has received a trust fund currently worth $500,000. However, she will not have access to the fund until she turns 60 years old, which is in 20 years. At that time she can withdraw $10,000 per month. If the trust fund is invested at a 6 percent rate, compounded monthly, how many months will it last your client once he starts to withdraw the money?
Homework Answers
Using excel we enter the below formula in any cell
=NPER(6%/12,-10000,FV(6%/12,12*20,0,-500000))
=352.40898232 months
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You have become a financial advisor and a new client has
received a trust fund currently...
Your client has been given a trust fund valued at $1.57 million. She cannot access the...
Your client has been given a trust fund valued at $1.57 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $23,500 per month. If the trust fund is invested at a 4.5 percent rate, how many months will it last your client once she starts to withdraw the money?
your client has been given a trust fund valued at 1.60 million. She cannot access the...
your client has been given a trust fund valued at 1.60
million. She cannot access the money until she turns 65 years old,
which is in 15 years. At that time ahe can withdraw 25,000 per
month.
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $1.60 million. She cannot access the money until she turns 65 years old, which years. At that time, she can withdraw $25,000...
Your client has been given a trust fund valued at $1.53 million. She cannot access the...
Your client has been given a trust fund valued at $1.53 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $21,500 per month. If the trust fund is invested at a 4.5 percent rate, how many months will it last your client once she starts to withdraw the money? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Number of months
Your client has been given a trust fund valued at $1.62 million. She cannot access the...
Your client has been given a trust fund valued at $1.62 million. She cannot access the money until she turns 65 years old, which is in 15 years. At that time, she can withdraw $19,000 per month. If the trust fund is invested at a 4.5 percent rate, how many months will it last your client once she starts to withdraw the money? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Number of months
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given...
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $1.52 million. She cannot access the money until she turns 65 years old, which is in 15 years. At that time, she can withdraw $21,000 per month. If the trust fund is invested at a 5 percent rate, compounded monthly, how many months will it last your client once she starts to withdraw the money? (Do not round...
Your client has been given a trust fund valued at $1.08 million. He cannot access the...
Your client has been given a trust fund valued at $1.08 million. He cannot access the money until he turns 65 years old, which is in 25 years. At that time, he can withdrawal $29,000 per month. If the trust fund is invested at a 5.5 percent rate, how many months will it last your client once he starts to withdraw the money? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Problem 4 and 5-3 Future Value and Number of Annuity Payments Your client has been given a trust ...
Problem 4 and 5-3 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $1.12 million. He cannot access the money until he turns 65 years old, which is in 25 years. At the time, he can withdraw $24,000 per month. If the trust fund is invested at a 5.0 percent rate, how many months will it last your client once he starts to withdraw the money? (Assume annual compounding. Do not round...
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given...
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $161 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $19,500 per month If the trust fund is invested at a 4 percent rate, how many months will it last your client once she starts to withdraw the money? Do not round Intermediate calculations and...
please dont round decimals until the final answer Problem 4 and 5-4 Future Value and Number...
please dont round decimals until the final answer
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $1.61 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $19,500 per month If the trust fund is invested at a 4 percent rate, how many months will it last your client once she starts to withdraw...
Amanda will receive a $20 000 annual payment from a family trust fund. This will continue...
Amanda will receive a $20 000 annual payment from a family trust fund. This will continue until she reached age 40. She is currently 25 years old and will receive one payment per a year. Inflation is 5% and the interest rate of the trust fund is 6% compounded monthly. What is the value of the trust fund today?
your client has been given a trust fund valued at 1.60
million. She cannot access the money until she turns 65 years old,
which is in 15 years. At that time ahe can withdraw 25,000 per
month.
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $1.60 million. She cannot access the money until she turns 65 years old, which years. At that time, she can withdraw $25,000...
Your client has been given a trust fund valued at $1.53 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $21,500 per month. If the trust fund is invested at a 4.5 percent rate, how many months will it last your client once she starts to withdraw the money? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Number of months
Your client has been given a trust fund valued at $1.62 million. She cannot access the money until she turns 65 years old, which is in 15 years. At that time, she can withdraw $19,000 per month. If the trust fund is invested at a 4.5 percent rate, how many months will it last your client once she starts to withdraw the money? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Number of months
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $161 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $19,500 per month If the trust fund is invested at a 4 percent rate, how many months will it last your client once she starts to withdraw the money? Do not round Intermediate calculations and...
please dont round decimals until the final answer
Problem 4 and 5-4 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $1.61 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $19,500 per month If the trust fund is invested at a 4 percent rate, how many months will it last your client once she starts to withdraw...
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