You are trying to plan for retirement in 10 years and currently you have $275,000 in a corporate bond fund and $350,000 in stocks. In addition, you plan to deposit $8,000 per year into the bond fund at the end of each of the next 5 years, and then $10,000 per year at the end of each year for the final five years until you retire. a. Assuming the bond fund returns 6% compounded annually, and your investment in stocks will return 10% compounded annually, how much will you have at the end of 10 years? b. If you expect to live for 20 years after you retire, and at retirement you deposit all of your bond and stock account amounts into a bank account paying 5%, how much can you withdrawal each year after you retire (making 20 equal withdrawls beginning one year after you retire) so that you end up with a zero balance at death?
Answers: 1
Business, 22.06.2019 16:10, olly09
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You are trying to plan for retirement in 10 years and currently you have $275,000 in a corporate bon...
Mathematics, 17.04.2020 01:23
Mathematics, 17.04.2020 01:23