DEAR TUTORS , AS YOU KNOW THE SEMESTER IS JUST ABOUT ENDED ! THEREFORE I AM JUST PRACTICING FOR MY FINAL EXAMS ! GOSH

Julie's employer has a defined benefits retirement plan which pays 3.2 percent of her last year's salary for each year of employment. Julie estimates her final salary will be $85,000 and she will have worked for 20 years. What is her expected retirement benefit?

You have inherited $250,000. You have decided that since you don't need the money currently, you should invest for the long term. After seeking advice, you decide on an asset allocation plan that puts 10% in short-term securities, 75% in equities, and 15% in bond funds. How much money would you put in each category?

Mary works for a company with a defined contribution benefit pension plan. She will retire in 5 years and expects her salary to be $120,000 in her last year of work. Social security should pay her$1,500 per month at that time. If she needs 85 percent of her income to maintain her standard of living upon retirement, how much annual income will she need from her employer's plan and from her own planning when he retires?