She wishes to have 100000 left at age 90 what income, Financial Management

She wishes to have 100000 left at age 90 what income

At 65 Emily has just retired and has decided to purchase an annuity with some of her retirement savings. The interest rate from which the annuity is calculated is 3%. She has $500,000 in her retirement account which is also providing annual interest of 3%. She wishes to have $100,000 left at age 90. What income replacement ratio can she obtain from this annuity if her final salary was $50,000?

Request for Solution File

Ask an Expert for Answer!!

Financial Management: She wishes to have 100000 left at age 90 what income

Reference No:- TGS02719488

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What key finite resources that require conservation strategy

Two key finite resources that require conservation strategies are fossil fuels (like oil and gas) and rare earth minerals, and their depletion disproportionatel

Discussion about oral contraceptive for pregnancy prevention

A patient who takes oral contraceptives for pregnancy prevention has missed her last 2 pills. What should the NP advise the patient to do to minimize the risk

Problem regarding holistic integration of health

The prognosis for kidney stones will generally depend on the stone's size and location, the obstruction's presence, infection, and the patient's general health

Evaluating progress of an adolescent client with bulimia

Problem: The nurse is evaluating the progress of an adolescent client with bulimia who has been treated as an outpatient.

African-american male diagnosed with stage 1 hypertension

MH is a 46 year-old African-American male recently diagnosed with Stage 1 Hypertension during his last visit with his doctor.

Do you plan to manage the emotional intensity of crisis work

Do you plan to manage the emotional intensity of crisis work, and are there any particular challenges you anticipate when connecting clients

What if someone wanted to stop drinking sugary drinks

Pria told her friends she really wanted to stop drinking sugary drinks. She had been thinking about it and she was going to start next week.

Request for Solution File

Ask an Expert for Answer!!

Financial Management: She wishes to have 100000 left at age 90 what income

Reference No:- TGS02719488

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Management

Q : Under the percentage of sales forecasting method which of

Q : Assuming that the rate of interest is 8 and that if once

Q : A used car dealer advertises financing at 0 interest over 3

Q : What would happen to the confidence

Q : She wishes to have 100000 left at age 90 what income

Q : The firm is all equity funded with 500000 shares valued at

Q : What is the irr of this investment opportunity what does

Q : Suppose money manager has average monthly return of

Q : Starbucks had long-term debt of 200 million at the end of