Sunday
September 21, 2014

Homework Help: finance: retirement planning

Posted by Anonymous on Tuesday, September 11, 2012 at 6:56pm.

Tyrone, age 25, expects to retire at age 60. He expects to live until age 90. He anticipates needing $45,000 per year in today's dollars during retirement. Tyrone can earn a 12% rate of return and he expects inflation to be 4%. How much must Tyrone save, at the beginning of each year, to meet his retirement goals?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - You are now 30 years old. You plan to retire in 30 years, and expect ...
Finance - You are 45 years of age and your asporation is to retire in 17 years ...
Retirement - 1. I would like to retire in 42 years at the age of 65. The average...
finance - A self-employed person deposits $3,000 annually in a retirement ...
finance - A self –employed person deposits $3,000 annually in a retirement ...
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. ...
Finance - A self-employed person deposits $3000 annually in a retirement account...
Finance - Jacqueline Strauss, a 25- year- old personal loan officer at Second ...
finance - Please review the following case and use it as the basis for your ...

Search
Members