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Assume that you currently have $59332 in the bank. That you are going to receive $536 four times a year until the day of your
Assume that you currently have $59332 in the bank. That you are going to receive $536 four times a year until the day of your retirement (30 years from now). That you need to pay $1308 every year for 45 more years. What is the present value of all these cash flows if the interest rate is 6.68%.
NOTE: Submit your answers with 4 decimals after the dot.
HINT: Calculate ALL THE PRESENT VALUES and add them together
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