contestada

you want to receive 5,000 per month in retirement. if your discount rate is 0.75% per month and you expect to need the income for 25 years, how much do you need to have in your account at retirement?

Respuesta :

tutorconsortium117

your account at retirement is  -595,808.11

How are your earnings determined?

The DPV of lifetime income is the sum of the DPVs for working income and retirement income. (If there is no real interest rate, the DPV computation is as simple as adding the revenue flows across the years.) We presume that the person wishes to consume at the same rate throughout their entire lives. A retirement plan called lifetime income gives you a consistent income stream for the rest of your life. This type of income can only be provided through annuities, which is why they are frequently referred to as "annuities for life."

Given

300 N

0.75 I/Y

5000 PMT

0 FV

CPT PV = -595,808.11

To learn more about earnings determined refer to

https://brainly.com/question/3299566

#SPJ4

Otras preguntas