Business, 25.11.2021 14:00, christhegreat1

Ron is 25 years old and is retiring at the age of 65. When he retires, he will need a monthly income of $4,123 for 20 years. If Ron contributes 10% of his monthly income to a 401(k) paying 5. 5% compounded monthly, will he reach his goal for retirement given that his monthly income is 3,142. 23? If he does not make his goal then state by what amount he will need to supplement his income. Round all answers to the nearest cent. A. Ron will meet his monthly goal of exactly $4,123 for retirement. B. Ron will meet his monthly goal of $4,123 for retirement with an excess of $125. 34. C. Ron will not make his monthly goal of $4,123 and will need $359. 74 to supplement his monthly income when he retires. D. Ron will not make his monthly goal of $4,123 and will need $450. 61 to supplement his monthly income when he retires.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 17:30, Nikcoli

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii

Answers: 2

continue

Business, 22.06.2019 18:30, greg9207

You should typically prepare at least questions for the people who will host you during a job shadow. a. 3 b. 4 c. 5 d. 2

Answers: 1

continue

Business, 22.06.2019 21:10, tonimgreen17p6vqjq

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to:

Answers: 3

continue

Business, 22.06.2019 21:20, haileymaree

1. what are the unique operational challenges to delivering fresh meals? 2. why is speed of delivery so important for delivered meals? what variety of options contribute to this performance metric? 3. how could operations management concepts be utilized to improve the performance of freshly? 4. what are your typical product delivery times? what would be required to speed these up? 5. what are your delivery batch quantities? how could you reduce batch size and reduce delivery cost simultaneously using operations management concepts?

Answers: 2

continue

Do you know the correct answer?

Ron is 25 years old and is retiring at the age of 65. When he retires, he will need a monthly income...