Posted by **Anonymous** on Tuesday, October 25, 2011 at 5:14pm.

Your client is 40 years old and she wants to begin saving for retirement, with the first payment to come one year from now. She can save 5000 per year; and you advise her to invest it in the stock market, Which you expect to provide and average 9% in the future.

A) If she follows your advice, how much money will she have at 65?

B) How much will she have at 70?

C) She expect to live for 20 years if she retires at 65 and for 15 years if she retires at 70. If her investments continue to earn the same rate, how much will she be able to withdraw at the end of each year after retirement at each retirement age?

## Answer This Question

## Related Questions

- Finance - Your client is 40 years old, and she wants to begin saving for ...
- business finance - Your client is 40 years old, and she wants to begin saving ...
- math - interest rates/annuity - Plan to save $5000 per year for retirement with ...
- Finance - You are now 30 years old. You plan to retire in 30 years, and expect ...
- finance - Suppose that you are 25 years old and you have two options to save ...
- finance - Mrs. Kay who is 24 years old plans to retire at the age of 60. Mrs. ...
- programming logic and design - I need help writing pseudocode for this problem: ...
- Math: Finance - Need help solving these finance questions? PV = C/r PV= C/r-g P...
- corporate finance - you are thinking of retiring. your retirement plan will pay ...
- finance - Barbara wants to save money to meet 2 objectives: i. She would like to...

More Related Questions