You accepted a new job with starting salary of $65,000 per year. The salary is expected to increase 4% each year. Now it is time to make a retirement plan for the next 39 years you expect to work. Your retirement fund has an annual interest rate of 5%, and You plan to deposit 6% of your annual salary into the account. (Hint: Be sure to move all values to the same point in time for equivalency.)
a. How much money will be in your retirement account at the end of 39 years? (Hint: this is a geometric gradient problem)
b. How much can you with draw from that account each year in retirement for 25 years. Assume you will withdraw the same amount each year. (Hint: this is uniform annuity problem)
Answers: 2
Business, 21.06.2019 16:10
Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?
Answers: 2
Business, 21.06.2019 21:00
In order to minimize project risk which step comes after the step of identifying risks
Answers: 1
Business, 22.06.2019 09:00
How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?
Answers: 2
Business, 22.06.2019 09:40
Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.
Answers: 1
You accepted a new job with starting salary of $65,000 per year. The salary is expected to increase...
Mathematics, 16.11.2020 22:50
Chemistry, 16.11.2020 22:50
History, 16.11.2020 22:50
Physics, 16.11.2020 22:50
English, 16.11.2020 22:50
Law, 16.11.2020 22:50
Mathematics, 16.11.2020 22:50
Mathematics, 16.11.2020 22:50
History, 16.11.2020 22:50