Answer to Question #117579 in Finance for lim

Question #117579
without using finance calculator,
Tisha B plans to retire from nursing at age 65 and hopes to withdraw RM 25,000 per year from her retirement plan until she is 90.
(a) If money earns 8% per year compounded annually, how much will she need at age 65?
(b) If she deposits RM 2000 per year into her retirement plan beginning at age 32, and if the retirement plan earns 8% per year compounded annually, will her retirement account enough for her to meet her goals?
1
Expert's answer
2020-05-25T09:46:55-0400

a)

b)

Yes it is enough


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS