Retirement Plan with Future and Present Value Annuities
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- Опубликовано: 13 сен 2024
- #globalmathinstitute #anilkumarmath Annuities Examples: • Number of Monthly Inve...
Jeff is saving for his retirement 24 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $120.00 at the end of every six month for the next 10 years. Interest is 11% compounded semi-annually.
a. How much money will be in his account on the date of his retirement?
b. How much will Jeff contribute?
c. How much will be the interest?
Annuity Future Value: • Annuity and Future Val...
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Present Value P of an Annuity of n payments of R each at the end of consecutive interest periods with interest compounded at a rate i per period is given by the formula: PV=R((1-(1+i)^(-n))/i)
Annuity and Future Value: • Annuity and Future Val...
Can you assist with this problem?
Provide Sue with financial advice on which option has the potential to yield the highest monetary value. Support your rational with calculations using time value of money and comment on the risk return relationship for each option, assume interest rate on savings is 4% and is compounded semi-annually.
Sue James is a 55-year old accountant who works at Ernst and Young (EY) who is about to retire. She has the following decision to make:
Option A - Select a lump sum gratuity payment of $120,000 with a reduced pension of $1,750 per month.
Option B - Select a monthly pension of $3,300 with no lump sum gratuity payment.
In addition, Sue has a loan of $72,000 with loan payments of $1,200 per month for the next five years.
Hi,
The First question should not be related to the 2nd and 3rd, unless it is mentioned. Not clear for an average person. Thank you though, you are only trying to help.
Sir, in commutation pension calculation ,basic pension Rs 2000.Age 60 year. Basic pension x 40%X agefactor 8.194X 12.
2000*40%*12*8.194 .in this formula how agefactor 8.194 is calculated. Please explain.
A savings scheme involves an initial $5000 and an additional $100 at the end of each year for next five years. Calculate the receivable sum at the end of five years assuming that the annual rate of interest paid is 8% compounded semi annually.
Consider an annuity of payments of £1000 at the end of every second year
What is the present value of this annuity if it runs for ten years and the
interest rate is 7%?
SIR PLZ tELL Me WHICH ANNUITY iS THIS