Solved: How much money will be left in trust fund after withdrawal, Finance Basics

+44 141 628 6080
[email protected]

How much money will be left in trust fund after withdrawal

It is your 5th birthday today. You have a trust fund with $50,000 that is earning 8% per year. You expect to withdraw $20,000 per year for 4 years starting on your 21st birthday for graduate school. How much money will be left in the trust fund after your last withdrawal.

Solution Preview :

Prepared by a verified Expert

Finance Basics: How much money will be left in trust fund after withdrawal

Reference No:- TGS0672869

Now Priced at $5 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What is the yield to maturity

Bonds issued by Stainless Tubs bear an 8% coupon rate, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $952. What is the yield to maturity?

Q : Determine the purchases of landscaping supplies

Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2013 and expected purchases for 2014 are December 2013, $18,080.

Q : Problem related to criminological theory

Some criminal justice students have questioned the need to learn about criminological theory because it is not related to the real world, or at least the field of criminal justice.

Q : Find stocks current price if stocks p-e ratio is given

If a stocks P/E ratio is 13.5 at a time when earnings are $3 per year, what is the stocks current price?

Q : How much money will be left in trust fund after withdrawal

You expect to withdraw $20,000 per year for 4 years starting on your 21st birthday for graduate school. How much money will be left in the trust fund after your last withdrawal.

Q : What are the components of an amortization schedule

What are the components of an amortization schedule for a bond? What is the difference in amortization schedules between a note and a bond?

Q : Question-galehouse gas

Galehouse Gas expects sales to increase from 1640000 to 1840000 next year. Mr Galehouse believes net assets will represent 45% of sales firm has a 10% return on sales pays 35% profit out for dividends.

Q : What kind of cost allocation method may have caused

What kind of cost allocation method may have caused the sale of a profitable division, and can you suggest a better method of cost allocation? Explain why?

Q : Cost of equity capital for gangland

Gangland Water Guns, Inc., is expected to pay a dividend of $2.10 one year from today. If the firm's growth in dividends is expected to remain at a flat 3 percent forever, then what is the cost of equity capital for Gangland if the price of its co

1961135

Questions
Asked

3,689

Active Tutors

1454610

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: How much money will be left in trust fund after withdrawal

Reference No:- TGS0672869

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is the yield to maturity

Q : Determine the purchases of landscaping supplies

Q : Problem related to criminological theory

Q : Find stocks current price if stocks p-e ratio is given

Q : How much money will be left in trust fund after withdrawal

Q : What are the components of an amortization schedule

Q : Question-galehouse gas

Q : What kind of cost allocation method may have caused

Q : Cost of equity capital for gangland

Teaching an adult client with type 1 diabetes mellitus

Outcome of the pregnancy of an adolescent client

Teaching regarding the use of oral contraceptives

Problem concerning antibody screening test

Client has suffered a head injury

Patient with advanced cancer has several morphine orders

Client undergoes a modified radical mastectomy

Solution Preview :

Prepared by a verified Expert

Finance Basics: How much money will be left in trust fund after withdrawal

Reference No:- TGS0672869

Recent Questions Asked Finance Basics

Q : What is the yield to maturity

Q : Determine the purchases of landscaping supplies

Q : Problem related to criminological theory

Q : Find stocks current price if stocks p-e ratio is given

Q : How much money will be left in trust fund after withdrawal

Q : What are the components of an amortization schedule

Q : Question-galehouse gas

Q : What kind of cost allocation method may have caused

Q : Cost of equity capital for gangland

Asked Questions