A manager retired at age 65, and has her retirement savings of $650,000 invested in a mutual fund composed of 30% treasury bonds and 70% stocks. She needs $65,000 per year for living expenses, in addition to her social security benefit. How long will her investment last if there is no inflation?

Q: My spouse and I are each 62 and hope to retire in three years. After retirement we will receive…

A:

Q: Following her 18th birthday, Madison began investing $44 at the end of each week in an account…

A: The computation is as follows: Hence, the retirement nest egg is $511041.72.

Q: Jimmie has a job at an advertising agency earning $54,000 per year. Jimmie is currently 26 years old…

A: amount of corpus needed at retirement = 75,000/0.065 (interest/interest rate) amount of corpus…

Q: What will be the interest rate per interest period if convert to compounding monthly?     1.9967%…

A: Effective annual rate (EAR) refers to the rate of interest which is an outcomes of compounding…

Q: Magdalena, age 35, has $72,000 accumulated in savings. She projects she will save $23,000 a year…

A: The amount you can put back or invest each period, as well as the interest you earn on your savings,…

Q: Your sister turned 35 today, and she is planning to save $85,000 per year for retirement, with the…

A: Given Information: Annual payment is $85,000 for 30 years Interest rate is 7.5%

Q: Daniel Jackson is 30 years and wants to retire when he is 65. So far he has saved (1) $6,730 in an…

A: (1) Balance in IRA account=$6,730 Interest rate in IRA account=0.083   (2) Balance in money market…

Q: A civil engineer planning her retirement will deposit 10% of her salary each year into a…

A: Using formulae, Future Value =Present Value * (1+rate)^n Where n = no. of years till end

Q: Mr. Wilks is 30 years old today and wants to set aside an equal amount at the end of each of the…

A: Computation of present value at the age of 60 is as follows:

Q: Bill Petty, 56, just retired after 31 years of teaching. He is a husband and father of two children…

A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: Miller is currently 35 years old and thinking about his pension fund and his income when he retired…

A: Present Value of Ordinary Annuity refers to a concept which determines the value of cash flows at…

Q: Isabella started saving for her retirement 15 years ago. If she invested $30,000 in a stock fund…

A: Time value of money states that the value of money depreciates over time due to certain factors like…

Q: Jessica is 25 year old now and he wants to start saving up for her retirement fund.She will retire…

A: Retirement planning is the calculation of requirement of a lum sum corpus for the time period when a…

Q: Jack and Jill decide each invest $5,000 in the same stock this year. However, Jack invests directly,…

A: Investment is done in various instruments to earn a return in order to have a higher amount in the…

Q: Erika and Kitty, who are twins, have just received $30,000 each for their 25th Each sister plans to…

A: Given information: Future value is $1,000,000 Present value is $30,000 Interest rates of Erika and…

Q: . His wage replacement ratio has been determined to be 72%. He expects inflation will average…

A: *Answer:

Q: John, 38, makes $125,000 per year. He has a 35 year old wife, Nancy, and a daughter who just turned…

A: Human life value method is a common method used by insurance company to determine the eligibility of…

Q: Jamal Brown is a 55-year-old engineer. According to mortality tables, a male at age 55 has an…

A:

Q: A civil engineer planning for her retirement places 11% of her salary each year into a…

A: As per the information provided the engineer will draw an amount of $160,000 at the end of the first…

Q: A manager just retired at age 62, with his retirement savings of $800,000 invested in a portfolio of…

A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…

Q: Ms. Ieda Silva plans to retire in 28 years and expects to live for 25 years after retirement. She is…

A: we can use discounting techniques to value the monthly deposits.

Q: Mr. Peter Phang, aged 35, is planning to retire at age 55. He understands from his advisor that he…

A: We need to use future value of annuity formula to calculate yearly payment to achieve goal of…

Q: Ginger Rogers deposits $3,000 a year into her retirement account. If these funds have an average…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: Bella is 23 years old and wants to invest money for her retirement.  She wants to have $2,000,000…

A: The annual investment is calculated by the function: PMT(Rate,Nper,PV,FV)  Here, Rate = Interest…

Q: A 40-year-old woman decides to put funds into a retirement plan. She can save $1,000 a year and earn…

A: We need to calculate the persent value of annuity  by using this formula.    PV of annuity =CF*…

Q: Bob has saved a total of ₱2,550,000.00 for retirement. He put the money in a mutual fund which pays…

A: We need to use annuity formula given below to calculate size of monthly withdrawal PMT…

Q: Your uncle has $375,000 and wants to retire. He expects to live for another 25 years and to earn…

A: Present value of annuity due=(1+rate)*Annuity[1-(1+interest rate)^-time period]/rate

Q: Stella has $3,000,000 in her investment fund. She wishes to withdraw $338,868 at the end of each of…

A: In the given question, the amount to be invested today is the present value of a series of…

Q: a young woman, 22 years old, has just graduated from college. she accepts a good job and desires to…

A: Dear student, we need to use excel NPER function to calculate number of years of deposit that…

Q: Van, age 40, is starting his savings plan this year by putting away $2,200.00 at the end of every…

A: Future value It is a value that a person will receive in the future on an investment that is done…

Q: Dear Financial Adviser,   My spouse and I are each 62 and hope to retire in three years. After…

A: A financial advisor is an individual who provides guidance and assistance to their clients on…

Q: A 45-year-old woman decides to put funds into a retirement plan. She can save $2,000 a…

A: Here, To Find: Future value of annual savings (FV) =? Annual withdrawals made for 20 years after…

Q: Your uncle has $375,000 and wants to retire. He expects to live for another 25 years, and he also…

A: The mathematical equation is:

Q: mrs. corazon is 35 years of age and is the new master teacher of aquino elementary school. She…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: John, 38, makes $125,000 per year. He has a 35 year old wife, Nancy, and a daughter who just turned…

A: Please find the answer to the above question below:

Q: Your friend is celebrating her 30th birthday today and wants to start saving for her anticipated…

A: Annual deposit refers to the amount that is deposited or invested each year at given interest rate…

Q: Charlie Brown, a 25 year old professional, invests $200 a month in the XYZ Capital Opportunity Fund,…

A: Monthly payment (PMT) = $200 Monthly Average return ( r ) = 8.75%/12 = 0.729166666666667% Number of…

Q: A woman is planning for retirement in 30 years and decides she can deposit $6,000 each year on…

A: An Annuity Due is a stream of regular periodic payments made at a beginning of period for a…

Q: Elif received a bonus of $100,000 at the age of 30 and she decides to invest this money to a savings…

A: The nper function or concept can be used to determine the number of years or time required to…

Q: Phoebe saved a total of $2 550 000 for her retirement. She invested the money in a mutual fund that…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: calculate the amount of money she would have to invest in equal annual amounts to achieve her…

A: The future value of an investment is the expected value of money that will be received after a…

Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Investment = $ 125000 Annual interest rate = 4% Period = 15 Years

Q: An individual who makes $32,000 per year anticipates retiring in 30 years. If his salary is…

A: Future Value is the value of current investments at a certain future date at the assumed…

Q: mployee decided to invest in a trust fund which gives an interest rate of 2% compounded quarterly.…

A: The present worth of fund is the equivalent value of fund today considering time and interest rate…

Q: John Jones has just retired after many years with the telephone company. His pension funds have a…

A: Annuity refers to series of equalized payments that are made at end or begin of period for constant…

Q: From age 20 to 35, Susan deposits $350 semi-annually in a savings account paying 6.12% compounded…

A: Time value of money concept is used to determine the worth of money today is different from that in…

Q: Robin Hood is 23 years old and has accumulated $4,000 in her self-directed defined contribution…

A:

Cash and Liquid Asset Management

Cash management is the process of controlling cash inflow & cash outflow, managing the cashflows inside the business, and utilizing the cash for business operation at any point in time. A business has to maintain a certain level of cash to meet various financial obligations. Cash management is essential because businesses must utilize the cash to generate maximum profit. Cash management also ensures to maintain maximum liquidity in the business.