Question: How do I figure out the amount needed for retirement. The Net Present Value? $150,000 Annually 65-95 years old Total Cash Inflow $211,617 Total Cash

How do I figure out the amount needed for retirement. The Net Present Value?

$150,000 Annually 65-95 years old

  • Total Cash Inflow $211,617
  • Total Cash Outflow $198,333
  • Surplus Balance $13,284
  • Total Cash and Equivalents $76,950
  • Mary Penison Plan $1,266,540
  • Mary IRA $159,456
  • Robert IRA $34,700
  • Mary IRA at 70.5 $286,956
  • Robert IRA at 70.5 $267,200
  • Mary and Robert Contributions $5,000 each yearly
  • Mary and Robert Funeral/Esate Cost $260,000
  • Value in 20 years $8,278,401

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Complete the following problems from Chapter 12 in Financial Management: Theory and Practice : Chapter 12: Topics: Additional Funds Needed, Forecasted Statements and Ratios, Financing Deficits...

Q:

I need, I am working on GENERAL ELECTRIC AND UNITED TECHNOLOGIES CORP, I need help GE and UTC Financial Statements Forecast for the next 5 year using the attachment. Throughout this course you will...

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

I am working on a homework problem and am stumped on part B. Kim hotels is interested in developing a new hotel in seoul. The company estimates that the hotel would require an initial investment of...

Q:

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Q:

1. From the scenario, cite your forecasting conclusions that support TFC?s decision to expand to the West Coast market. Speculate as to whether or not the agency conflict discussed in the scenario...

Q:

I need assistance in completing the open ended portion that could be found on the last page of the pdf file. Part A most importantly is what I need assistance with, the data that needs to be...

Q:

Financial Planning Assignment (lines 6-10 recommendation) and Information are attached below. Thank you CLIENT INFORMATION Update: 2011 Personal Client: Tyler Bedo Co-client: Mia Bedo Tyler Bedo Mia...

Q:

COMPANY MERCURY NZ PEER VALUATION( COMPANY INDUSTRY PEER Market PRICE & FREE RISK RATE Part 1: Capital Structure a) Identify the company's debts, in a table list each debt, the amount of that debt...

Q:

I am having a lot of problem with my Financial Facilitator. Please help CLIENT INFORMATION Update: 2011 Personal Client: Tyler Bedo Co-client: Mia Bedo Tyler Bedo Mia Bedo DOB: 2/2/1974 Age: 43 DOB:...

Q:

After the adjustment for depreciation has been made, the original cost of the equipment: A. decreases with a debit. B. is transferred to a liability. C. remains the same. D. increases with a credit.

Q:

What flow at the rate of 10x10^6 cm /s along a channel of rectangular section 1.75m width. Calculate the critical depth. If a hydbellic Jump le formed at a point well the upstream depth is 25cm, what...

Q:

occurs when every member of the universe has an equal chance of being included in the sample. ( choose the best answer ) Unbiased sampling Blased sampling Random sampling

Q:

Let {An}nz1 be a sequence of independent events and Vn2 1, X, = Ian. Prove that X, - E(X,) 0 in almost sure convergence.

Q:

Consider the system shown below. 1. Using the z-transform approach, show that the impulse response, h(n), of the overall system is given by h(n) = 6(n) 56(n - 1) - 1) M(n)=0(n-2)-8(n-1) x(n +,...

Q:

Find the NORMALIZED Gaussian prime factorization of a. -14+102i b. 666. Also, find the number of ways 666 can be written as a sum of 2 integer squares. c. Find the Normalized GCD of 666 and -14+102i.

Q:

Want a brief explanation Explain the basis for groupings into five kingdoms.

Q:

Want a brief typing Is Global warming A fact or Myth

Q:

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

Q:

10.113 Two Different Entrees To compare the demand for two different entrees, the manager of a cafeteria recorded the number of purchases of each entree on seven consecutive days. The data are shown...

Q:

10.110 Stock Risks The closing prices of two common stocks were recorded for a period of 15 days. The means and variances are a. Do these data present sufficient evidence to indi- cate a difference...

Q:

10.111 Auto Design An experiment is conducted to compare two new automobile designs. Twenty people are randomly selected, and each person is asked to rate each design on a scale of 1 (poor) to 10...