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Question 21 1.25 pts Assume that you accumulated for your retirement $897,368 and you are now 65 year old. Assume further that you expect to
Question 21 1.25 pts Assume that you accumulated for your retirement $897,368 and you are now 65 year old. Assume further that you expect to live 25 years more. If you can earn on you your retirement money 7.5%, your annual income would be $80,503.49 O $40,256.98 O $60,371.23 O $35,894.72 Question 20 1.25 pts Assume that you deposited $1000 in a bank that offers you 12% annual interest rate. If the bank compounds the interest rate monthly, the amount of money you find in your account in the 5th year is $1.051.01 $1,596,93 $1,76234 $1.816.70 Question 22 1.25 pts If the interest rate is greater than zero (r>0), then the time value of money theory tells that for the same cash flow now and in the future, O Present value future value Present value future value
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