Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. retirement assets total $4,861,000. assume its inv

Retirement assets total $4,861,000. Assume its invested for another 24 years and that assumes an...

80.2K

Verified Solution

Question

Accounting

Retirement assets total $4,861,000. Assume its invested for another 24 years and that assumes an annual inflation rate of 4.4 percent. To leave the future value of the $4,861,000 at the end of the 24 years, and maintain an inflation-adjusted lifestyle of $159,000 a year for all 24 years, the persons investments would have to earn an average of ______ percent a year for the entire 24 years.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

John surfs the website on a regular basis. Suppose the time he spent surfing the website...

Physics
1.2K views

In Schwarzschild geometry, the distance between two circles with different circumferences is larger than the Euclidean...

Geometry
1.2K views

Rationalize each denominator answer in simplest radical form 12 TA

Calculus
1.2K views

If f x 4 sin x In 3x find f x f x Graph fand...

Calculus
1.2K views

A radioactive material decays according to the function A t Age grams of the radioactive...

Algebra
1.2K views

12 ACBA AHKI A 52 2x 18 3y 11 K C X y B

Accounting
1.2K views

can you please explain why it's A? A 3) 3)...

Accounting
1.2K views

The Candle Corporation has recently begun to accept credit cards. On July 7, Candle made...

Accounting
1.2K views

When does a contract have to be in writing in order to be enforceable? How...

Accounting
1.2K views

A business makes a payment of $1440 on a loan payable, consisting of a $110...

Accounting
1.2K views

Given the acquisition cost of product Z is $64, the net realizable value for product...

Accounting
1.2K views

Frederick Grant is employed by Jabex Ltd as an Engineer. He earns 270,000 per month...