You want to retire in 40 years, and you want to have an annuity of $65,000 a year for 30 years after retirement. You want to receive the annuity payments at the end-of-year basis during your retirement period. Using an interest rate of 7.5% for the savings period and 3.25% for the retirement period, how much you must save during your 40 working years, in equal amount at the end-of-year basis, in order to have this retirement annuity?
$5,791.71
$5,260.50
$5,429.22
$5,986.49
$5,099.53
Answers: 2
Business, 22.06.2019 06:30
If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
Answers: 1
Business, 22.06.2019 20:00
Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
Answers: 3
Business, 22.06.2019 22:30
When the price is the equilibrium price, we would expect there to be a causing the market to put pressure on the price until it went back to the equilibrium price. a. above; surplus; upward b. above; shortage; downward c. below; surplus; upward d. below; shortage; downward e. above; surplus; downward?
Answers: 2
You want to retire in 40 years, and you want to have an annuity of $65,000 a year for 30 years after...
Chemistry, 24.08.2019 05:00
Advanced Placement (AP), 24.08.2019 05:00
Biology, 24.08.2019 05:00
Geography, 24.08.2019 05:00
History, 24.08.2019 05:00
History, 24.08.2019 05:00
Mathematics, 24.08.2019 05:00
Advanced Placement (AP), 24.08.2019 05:00
Biology, 24.08.2019 05:00
Mathematics, 24.08.2019 05:00
History, 24.08.2019 05:00