Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $180,000, and her life expectancy is 15 more years. Her pension fund manager assumes he can earn a 9 percent return on her assets. What will be her yearly annuity for the next 15 years?
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
1. Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $230,000, and her life expectancy is 17 more years. Her pension fund manager assumes he can earn a 10 percent return on her assets. What will be her yearly annuity for the next 17 years? 2. C. D. Rom has just given an insurance company $42,500. In return, he will receive an annuity of $5,800 for 20 years. ...
Bety Bronson has just retired afler 25 years with the electric company Her total pension funds have an accumulated value of $350,000, and her life expectancy is 17 more years. Her pension fun manager assumes he can earn a 9 percent return on her assets What will be her yearly annuity for the next 17 years? Use intermediate calculations. Round your final answer to 2 decimal places) aopromae your taana ulator methos o not roum
Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $340,000, and her life expectancy is 16 more years. Her pension fund manager assumes he can earn a 11 percent return on her assets. What will be her yearly annuity for the next 16 years ANNUAL INTEREST RATE # of times Interest is compounded during 1 year TERM # OF PERIODS INTEREST RATE PER PERIOD PRESENT VALUE (Lump Sum)...
1. After 25 years of teaching, Linda Adams has decided to retire and start collecting her pension. The pension fund manager assumes he can earn a 8 percent return on her assets. Her fund has an accumulated value of $370,000 and she is expected to live 19 more years Based on these expectations, calculate her yearly annuity for the next 19 years. (Enter your answer as a positive number rounded to 2 decimal places.) Annuity ________ 2. The interest rate...
Juwan and Timi Clarke are planning for retirement. Juwan has a number of retirement related questions he needs help answering. Use your retirement planning knowledge to address the following questions. a.Juwan would like to withdraw $365,000 from retirement savings when he retires. Assuming he can earn a 6.0 percent annualized rate of return on retirement assets, and that inflation will average 2.0 percent during retirement, how much will he need on his first day of retirement to fund twenty-four yearly...
Liz is retiring from the US Postal Service and will turn 70 next year. After 39 years of service, her monthly pension is $7,500. She does not qualify for Social Security. Liz has accumulated $700,000 in her thrift savings plan. The government requires that she convert it to an annuity or move it to a IRA. All of the money is pretax and tax can be avoided if it is moved to the IRA. The annuity will be calculated based...
6.9. Future value of an ordinary annuity: Robert Hobbes plans to invest $25,000 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 11.4 percent. How much money will Robert have at the end of seven years? 6.12 Computing annuity payment: Kevin Winthrop is saving for an Australian vacation in three years. He estimates that he will need $5,000 to cover his airfare and all...
Many retired people buy annuities. With an annuity, a saver pays an insurance company a lumpsum amount in return for the company’s promise to pay a certain amount per year until the buyer dies. With an ordinary annuity, when the buyer dies, there is no final payment to his or her heirs. Suppose that at age 65, David Alexander pays $180,000 for an annuity that promises to pay him $20,000 per year for the remaining years of his life. (a)...
3. Many retired people buy annuities. With an annuity, a saver pays an insurance company a lump- sum amount in return for the company's promise to pay a certain amount per year until the buyer dies. With an ordinary annuity, when the buyer dies, there is no final payment to his or her heirs. Suppose that at age 65, David Alexander pays $180,000 for an annuity that promises to pay him $20,000 per year for the remaining years of his...
your Doiar 3. Many retired people buy annuities. With an annuity, a saver pays an insurance company a lump- sum amount in return for the company's promise to pay a certain amount per year until the buyer dies. With an ordinary annuity, when the buyer dies, there is no final payment to his or her heirs. Suppose that at age 65, David Alexander pays $180,000 for an annuity that promises to pay him $20,000 per year for the remaining years...