You wish to retire in 12 years and currently have $50,000 in a savings account yielding 5 percent annually and $100,000 in quality blue chip stocks yielding 10 percent If you expect to add $30,000 at the end of each year to your stock portfolios, how much will you have in your retirement fund when ...

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You wish to retire in 12 years and currently have $50,000 in a savings account yielding 5

Question:

You wish to retire in 12 years and currently have $50,000 in a savings account yielding 5 percent annually and $100,000 in quality "blue chip" yielding 10 percent. If you expect to add $30,000 at the end of each year to your stock portfolios, how much will you have in your retirement fund when you retire? What rate of return must you earn on your retirement funds if you want to withdraw $102,000 per year for the next 15 years after retiring?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...