Business
Business, 29.07.2019 21:30, ayoismeisjjjjuan

Your 30 year old client wants to retire when heis 65 years old, and have a retirement income equivalent to $3,500 per month in today's dollars. we cannot be sure of how longwe live after retirement, but the client wants to be extra careful and save for 30 years of after retirement life. market expectation for average annual inflation for the future is 1.7%. because of inflation, he will need substantially higher retirement monthly income to maintain the same purchasing power. he plans to purchase a lifetime annuity from an insurance company one month before he retires, where the retirement annuity will begin in exactly 35 years (420 months). the insurance company will add a 2.50 percent premium to the pure premium cost of the purchase price of the annuity. the pure premium is actuarial cost of his anticipated lifetime annuity. he has only saved $25,000 so far. he will make the first payment in a month from now and the last payment one month before he retires (a total of 419 monthly payments

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 15:00, cabr379
He cornerstone of arsoac, the is organized into four like battalions and provides nighttime, all-weather, medium range insertion, extraction, and resupply capability in hostile or denied areas.
Answers: 2
image
Business, 21.06.2019 15:40, jackie36390
There is a cost associated with each source of financing. discuss the cost of debt, preferred stock, common stock, and retained earnings in detail. which source of financing is typically less expensive? why? why do financial managers try to determine the optimal capital mix? be specific.
Answers: 1
image
Business, 21.06.2019 22:50, nourmaali
Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.
Answers: 3
image
Business, 22.06.2019 11:30, dcox5057
Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u. s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)
Answers: 2
Do you know the correct answer?
Your 30 year old client wants to retire when heis 65 years old, and have a retirement income equival...

Questions in other subjects:

Konu
World Languages, 18.12.2020 21:10
Konu
Mathematics, 18.12.2020 21:10
Konu
Mathematics, 18.12.2020 21:10
Konu
Mathematics, 18.12.2020 21:10
Konu
Mathematics, 18.12.2020 21:10