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Author Question: Your sister turned37today, and she is planning to save $6,000 per year for retirement, with the ... (Read 57 times)

agstelzer01

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on: Aug 7, 2023

Question 1

Your friend just won the lottery. She has the choice of $16,000,000 today or a23-year annuity of $1,180,000, with the first payment coming 1 year from today. What rate of return is built into the annuity?

◦

3.79%


◦

3.18%


◦

4.94%


◦

4.79%



Question 2

Your sister turned37today, and she is planning to save $6,000 per year for retirement, with the first deposit to be made 1 year from today. She will invest in a mutual fund that will provide a return of9% per year. She plans to retire28years from today, when she turns 65, and she expects to live for23years after retirement, to age88. Under these assumptions, how much can she spend in each year after she retires? Her first withdrawal will be made at the end of her first retirement year.

◦

$57,623


◦

$60,408


◦

$70,751


◦

$75,714

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Marked as best answer by agstelzer01 on Aug 7, 2023

mgranuc

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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agstelzer01

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

sarah_brady415

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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