The answer would be D. provides the security of a place to live in retirement.
We can rule our option A , because even though its true, it's not the reasons that attract investor
We could rule out option b because real estate need a couple of years before it turned into profit
We can rule out option c because real estate need a large amount of equity
Answer with Explanation:
The pressure changed a lot when I became a leader. I was expected to supervise my group members and assign them the tasks they have to perform. I gave them a<u><em> sense of direction</em></u>, particularly, towards the group's goal. I was<em> pressured to meet the targets expected from us</em>, and I always put my effort at its best for<u><em> fear of failing or becoming a failure to the group</em></u>. I needed to do things in a <em>calm fashion</em>, so I could inspire my members and be a better role model for them.
When I was just a<em> supporting member,</em> I didn't really mind about which direction my group should take, so the pressure from stress wasn't a big deal. I was very laid back because I just needed to perform what was asked of me by our leader. No one was constantly looking upon me, thus, I didn't feel like I really needed to do my best.
Answer:
$199,149.08
Explanation:
a = 100, i=0.06/12=0.005, n=40*12=480, FVA = Future value of annuity
FVA = A*[(1+i)^n - 1/ i]
FVA = 100 * [(1+0.005)^480 - 1 / 0.005]
FVA = 100 * [9.957454/ 0.005]
FVA = 100 * 1991.4908
FVA = $199,149.08
So, the amount that will be in his account when he retires at age 62 is $199,149.08.
Answer:
The amount to be deposited each year till retirement = $2,287.31.
Amount needed on the retirement date = $2,343,311.99.
Explanation:
Amount needed on the retirement date in order to support the withdrawals post retirement is $2,343,311.99.
calculated using the PV function of Excel as follows: See the first attached file
The amount to be deposited each year till retirement is $2,287.31.
calculated using PMT function of Excel as follows: See attache file 2
