Business, 09.10.2019 21:20 mxrvin1350

Chris wants to retire in 15 years when he turns 65. christian wants to have enough money to replace 75% of his current income less what he expects to receive from social security at the beginning of each year. he expects to receive $18,000 per year from social security in today’s dollars. christian is aggressive and wants to assume an 8% annual investment rate of return and that inflation will be 3% per year. based on his family history, christian expects that he will live to be 95 years old. if christian currently earns $80,000 per year and he expects his raises to equal the inflation rate, how much does he need at retirement to fulfill his retirement goals?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 05:00

Which of the following are considered needs? check all that apply

Answers: 1

Answer

Business, 22.06.2019 19:30

Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?

Answers: 3

Answer

Business, 22.06.2019 21:10

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.

Answers: 3

Answer

Business, 22.06.2019 21:40

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?

Answers: 2

Answer

You know the right answer?

Chris wants to retire in 15 years when he turns 65. christian wants to have enough money to replace...

Questions