Calculate the first and second year annual payment that you could withdraw for a "growing annuity" using the following assumptions: interest rate = 9% inflation rate = 3% remaining life expectancy = 29 years amount invested at retirement date = $1,300,000 first withdrawal taken at the end of the year hint real rate: ((1 + interest rate) divided by (1 + inflation rate)) - 1. round real rate to two decimal places.

The farmer's market just paid an annual dividend of $5 on its stock. the growth rate in dividends is expected to be a constant 5 percent per year indefinitely. investors require a 13 percent return on the stock for the first 3 years, a 9 percent return for the next 3 years, a 7 percent return thereafter. what is the current price per share? select one: a. $212.40 b. $220.54 c. $223.09 d. $226.84 e. $227.50 previous pagenext page