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Could you please help with scinario below? Assume you are 3 0 years of age. Your salary next year is assumed to be $ 2
Could you please help with scinario below? Assume you are years of age. Your salary next year is assumed to be $ Assume your salary is expected to grow at a steady rate of per year until you retire at age
A If the appropriate discount rate is APR, what is the PV of your future salary payments? For simplicity, assume each salary payment is received at the end of each year.
B If you save of your salary each year and invest these savings at an interest rate of APR, how much will you have saved by age
C Assume that you plan to withdraw an equal amount at the end of each year for the first years of your retirement. Assuming that after the last withdrawal this retirement account balance is zero, how much can you withdraw? Assume a APR during retirement also. thanks
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