The writer is very fast, professional and responded to the review request fast also. Thank you.
4-33Assume that your fatehr is now 50 years old, tht he plans to retire in 10 years, and that he expect to live for 25 years after he retires- that is, until age 85. He wants his first retirement payment to have the same purchasing power at teh time he retires as $40,000 has today. He wants all of his subsequent retirement paymentes to be equal to his first retierement payment. (Do not let the retirement payments grow with inflation: your father realizes that the real value of his retirement income will decline year by year after he retires). His retirement income will beging th day e retires, 10 years from today, and he will then receive 24 additional annual paymenents. Inflation is expected to be 5% per year from today forward. He currenlty has $100,000 saved up; and he expectes to earn a return on his savings on 8% per year with annual compounding. To teh nearest dollar, how much must he save during each of the next 10 years (with equal deposits being made at the end of each year, begining a year, begining a year from today) to meet his retirement goal? (note: neitehr the amount he saves nor the amount he withdraws upon retirement is a growing annuity.)
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more