SOLUTION: I have a pension that provides about $1,600 a month, fixed.
What lump sum would I need to produce that given current returns on investment?
Algebra.Com
Question 616580: I have a pension that provides about $1,600 a month, fixed.
What lump sum would I need to produce that given current returns on investment?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
You really need to go to a financial website where you can investigate the returns (and risks) on various investments, and where you will find different flavors of financial calculators. You are looking for the Present Value of a $19,200 per annum annuity. What you use for a rate of return is dependent on your own personal risk aversion.
John
My calculator said it, I believe it, that settles it
RELATED QUESTIONS
Upon reaching 60 years old, Mr. Fernandez was given
the option by SSS to either (1)... (answered by Theo)
I have $125000 that makes 2 1/2 % interest. I want to draw $600 a month out of it. How... (answered by fractalier)
How much money would you need to invest now (lump sum) at an interest rate of 3.4%,... (answered by jorel1380)
hi i have question about solving the problems that contain revenue and fixed cost what is (answered by solver91311)
Hi, please can i get some help with this.
On 1 January 2008, Bob Jones received a lump (answered by rothauserc)
Please help solving bi,ii
Carter expects to live for 30 years more after his retirement. (answered by Theo)
Carter expects to live for 30 years more after his retirement. He would like to withdraw... (answered by asinus)
Let C(Q) denote the cost of producing Q units per month of a commodity.
i. what is the... (answered by Theo)
Please help! I need to be done with the course by June 20th! I have questions 1,2 and 3... (answered by ikleyn)
