Annuityretirement a if you deposited the following amount


Annuity/Retirement A. If you deposited the following amount per month (letters in your last name X $80) from your paycheck from the time you graduate from school until you retire (at age 75) and your employer contributed an extra 6%, how much wealth would you have accumulated? (Be sure to include your age when you graduate). The annual interest rate you will earn should be = letters in your first name X 1.10%. B. Based on your final answers to A above, what would your retirement income be once you retired if you a. earned 5.5% and only lived off the earnings (did not draw down the principle-every month you took out the interest and left the initial amount to earn the same amount of interest-think simple interest) b. earned 5.5% and created an annuity to last until you were 90 years old (this means that by age 90 your balance should be equal to zero)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Annuityretirement a if you deposited the following amount
Reference No:- TGS01406381

Expected delivery within 24 Hours