Time left 1:57:03 You would like to make retirement more comfortable by annual pension payments which are paid at the end of each year. The initial payout of 10,000 EUR is supposed to increase by 4% annually, the flat interest rate for all maturities is set at 6%. Use the concept of a perpetuity. What amount of savings does this require one year prior to the annual payouts? Select one: A. 580,000 EUR B. 500,000 EUR C. 450,000 EUR D. 520,000 EUR Which of the following statements is correct without limitation? Select one: A. Saving plans, life insurance contracts, and building loan contracts are practical examples of perpetuities. B. Annuity-immediate payments are always made at the end of the annuity period, whereas annuity-due payments are always made at the beginning of the corresponding period. C. The general calculation formula for the future value of an annuity is derived following the idea of an arithmetic series. D. All statements are false. Consider a loan with amount of D which is repaid in N instalment payments at the end of each year. Annual interest rate is stable at 5%. What is the instalment payment T if the difference between annuity payments in the 2nd and 5th years (A2 and A5) is 2,100 EUR? Select one: A. 14,000 EUR B. Not enough information is provided C. 15,000 EUR D. 13,000 EUR