- +44 141 628 6080
- [email protected]

Calculate the future value of income

Tina, age 50 is an accountant. She earns $50,000 a year. After consulting with you, she concludes that she can live on 70% of her current salary if she were to retire today. You anticipate that she will earn $12,000 in Social Security benefits (in today's dollars), and that inflation will average 3% a year. You are also confident that you can help her earn a 9% after tax rate of return on her investments. Assume that she will live 35 years in retirement.

Calculate the future value of her income need when she retires at age 65.

A. $59,203

B. $50,000

C. $38,987

D. $35,833

E. $23,000

How much, in terms of a pool of assets, does Tina need on her first day of retirement?

A. $674,369

B. $561,240

C. $522,185

D. $451,420

Expected delivery within 24 Hours

1922158

Questions

Asked

3,689

Active Tutors

1413040

Questions

Answered

**
Start Excelling in your courses, Ask a tutor for help and get answers for your problems !! **

Â©TutorsGlobe All rights reserved 2022-2023.

## Q : Evaluate-identify guidelines a personnel manager should have

Evaluate and identify three (3) methods or guidelines a personnel manager should promote in order to find and attract a competitive workforce.