Answer:
E. $2,688.77
Explanation:
We need to calculate the PMT of an ordinary annuity at 6%
PV 402,000
time:
85 years - 62 years = 23 years of retirement
23 years x 12 months per year = 276 months
rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005
C $ 2,688.766
<em>She can withdraw 2,688.76 per month</em>
Octavia Autor: Séneca.
El rey Lear Autor: William Shakespeare.
Hamlet Autor: William Shakespeare.
Edipo rey Autor: Sófocles.
El castillo sin venganza Autor: Lope de Vega.
People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted.
Answer:
$1,534.372
Explanation:
The computation of the expected level of the index in one year is shown below:
= Current index level × 1 + expected rate of return on the market - expected future value of the dividend paid over the next year
= $1,433 × (1 + 8.4%) - $19
= $1,553.372 - $19
= $1,534.372
We simply applied the above formula so that the expected level of the index in one year could come
