Business, 25.11.2021 14:00 christhegreat1

Ron is 25 years old and is retiring at the age of 65. When he retires, he will need a monthly income of $4,123 for 20 years. If Ron contributes 10% of his monthly income to a 401(k) paying 5. 5% compounded monthly, will he reach his goal for retirement given that his monthly income is 3,142. 23? If he does not make his goal then state by what amount he will need to supplement his income. Round all answers to the nearest cent. A. Ron will meet his monthly goal of exactly $4,123 for retirement. B. Ron will meet his monthly goal of $4,123 for retirement with an excess of $125. 34. C. Ron will not make his monthly goal of $4,123 and will need $359. 74 to supplement his monthly income when he retires. D. Ron will not make his monthly goal of $4,123 and will need $450. 61 to supplement his monthly income when he retires.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:10, jakeyywashere

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %

Answers: 2

continue

Business, 22.06.2019 11:30, ninaa8748

When the amount for land is 36,000 and the amount paid for expenses is 10,000, the balance of total asset is

Answers: 2

continue

Business, 22.06.2019 20:00, mooneyhope24

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

Answers: 3

continue

Business, 22.06.2019 20:20, abbz13

Which statement is not true about a peptide bond? which statement is not true about a peptide bond? the peptide bond has partial double-bond character. the carbonyl oxygen and the amide hydrogen are most often in a trans configuration with respect to one another. rotation is restricted about the peptide bond. the peptide bond is longer than the typical carbon-nitrogen bond.

Answers: 2

continue

You know the right answer?

Ron is 25 years old and is retiring at the age of 65. When he retires, he will need a monthly income...