Answer:
A= $4,838.95 monthly
Explanation:
Giving the following information:
She is currently planning to retire in 30 years and wishes to withdraw $10,000/month for 20 years from her retirement account starting at that time.
First, we need to calculate the amount needed for retirement:
FV= 10,000*12*20= 2,400,000
Now, we can use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
Effective rate= 0.02/12= 0.0017
n= 12*30= 360
A= (2,400,000*0.0017)/[(1.0017^360)-1]
A= $4,838.95 monthly
Answer:
Price Earnings Ratio = 20.48
Explanation:
Price Earnings Ratio = Price/Earnings per share
Here Price is of common stock
In the given case = $32
Earnings per share are calculated at year end for common stock.
Earnings for common stock = Net income - Dividend to preference shares = $105,000 - $30,000 = $75,000
Earnings per share = $75,000/48,000 shares = $1.5625
Price Earnings Ratio = 
= 20.48
Note: There is no relevance of share price of preference shares, also no relevance on opening number of shares of equity as PE Ratio is calculated on closing number of shares and on the date and not for the period that we will consider the average.
Price Earnings Ratio = 20.48
Answer:
$20,650.00
Explanation:
In the equity market, when shares are being bought there are usually bids submitted that will determine the buying price, so bid price is the price at which a share is bought. In this case it is $103.25.
When selling shares the price at which it is sold is the ask price.
Therefore the price for buying the IBM shares= Bid price* Quantity
= 103.25 * 200= $20,650
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Hope that helps.</span>
