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olganol [36]
3 years ago
13

You wish to retire in 10 years, at which time you want to have accumulated enough money to receive an annual annuity of $13,000

for 15 years after retirement. During the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money.
Business
1 answer:
nexus9112 [7]3 years ago
3 0

Answer:

Computation of contribution to retirement fund  

Annual payment that the investor wants to receive after retirement = 13000

Number of years after retirement  = 15

Interest rate = 0.11

Value of the fund at 12th year (Use Present Value Formula)  = -93,481.30

Years remaining to retirement = 10

Interest rate = 0.09

Annual contribution upto retirement (Use PMT Formula) = -14,566.27

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Explanation:

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3 years ago
I’ll pay somebody 50$ if somebody do this now.
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5 0
3 years ago
How many ink cartridges can you buy with 165 dollars if one cartridge costs 11 dollars
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Answer:

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timofeeve [1]

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<h3>What is reinvestment?</h3>

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Learn more about reinvestment here:

brainly.com/question/17206010

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5 0
1 year ago
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