1) How much would each individual need year 1 of retirement to have a WRR...

60.1K

Verified Solution

Question

Accounting

image
1) How much would each individual need year 1 of retirement to have a WRR of 80% given the expected inflation of 3%, and the amount of years until retirement (different for each)? 2) How much would each individual need to have a constant annuity of the amount found above for every year of retirement? Remember they have different times, different starting amounts. and different r 's. 3) How much would each individual need to have a grouing annuity starting at the amount found in part 1 growing at the rate of inflation for every year of retirement? 4) How much would each individual need to have as a growing annuity DUE starting at the amount found in part 1 growing at the rate of inflation for every year of retirement? 5) How much would each individual's initial savings groun into by the start of retirement? Remember, different times and different r 's again. 6) How much would each individual need to save per year as a constant annuity to make up the gap betueen the needs identified in 4 , and the projected growth of current savings found in 5 ? different times and r 's involved. 7) What does the annual savings amount found in 6 above mean as a savings rate? =6 / current salary for each, with each having a different salary: 1) How much would each individual need year 1 of retirement to have a WRR of 80% given the expected inflation of 3%, and the amount of years until retirement (different for each)? 2) How much would each individual need to have a constant annuity of the amount found above for every year of retirement? Remember they have different times, different starting amounts. and different r 's. 3) How much would each individual need to have a grouing annuity starting at the amount found in part 1 growing at the rate of inflation for every year of retirement? 4) How much would each individual need to have as a growing annuity DUE starting at the amount found in part 1 growing at the rate of inflation for every year of retirement? 5) How much would each individual's initial savings groun into by the start of retirement? Remember, different times and different r 's again. 6) How much would each individual need to save per year as a constant annuity to make up the gap betueen the needs identified in 4 , and the projected growth of current savings found in 5 ? different times and r 's involved. 7) What does the annual savings amount found in 6 above mean as a savings rate? =6 / current salary for each, with each having a different salary

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students