EssayNICE | 24/7 Homework Help

Essaynice Will Help You Write Your Essays and Term Papers

Answered » You can buy a ready-made answer or pick a professional tutor to order an original one.

Assignment help 5232

by | Jun 24, 2023 | Posted Assignments

Question 3: Freedom at 40? You’re 25 years old and about to start work but working isn’t really your “thing” and you want to retire at the ripe old age of 40, on Jan. 1, 2033. You figure that you’ll live to be 100 because you’re in good health and your grandmother just celebrated her 102nd birthday. You estimate that you’ll need $100,000 of retirement income per year, in 2033 dollars, for every year of retirement. Therefore, the real value of your retirement income will decline annually from the day you retire as you expect annual inflation to be 2.5%. On the day you retire, you’ll receive the first installment of your retirement income which will end when you are 100 years old. You don’t yet have any money saved because you’ve been a student all your life but you expect that you can generate a return on your portfolio of 11% because you’re killing it in BUS1 170. How much must you save over each of the next 15 years (end-of-year deposits) to meet your retirement goal?  

HOME TO CERTIFIED WRITERS

Why Place An Order With Us?

  • Certified Editors
  • 24/7 Customer Support
  • Profesional Research
  • Easy to Use System Interface
  • Student Friendly Pricing

Have a similar question?

PLAGIRAISM FREE PAPERS

All papers we provide are well-researched, properly formatted and cited.

TOP QUALITY

All papers we provide are well-researched, properly formatted and cited.

HIGHLY SECURED

All papers we provide are well-researched, properly formatted and cited.

Open chat
1
Powered by essaynice
Hello! Welcome to to our whatapp support.
We offer READY solutions, HIGH QUALITY PLAGIARISM FREE essays and term-papers.

We are online and ready to help