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  3. 21 1 point on the day you retir you have $500,000

21 1 point On the day you retir you have $500,000 saved. You expect to...

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21 1 point On the day you retir you have $500,000 saved. You expect to live another 25 years during which time you expect to earn 12.27% on your savings while inflation averages 3.0% annually, assume you want to spend the same amount each year in real terms and die on the day you spend your last dime. What real amount will you be able to spend each year? $50,903.13 $79.644.58 $61.334 36 $79,211109 20 1 bont University of Sussex Business School (USBS) plans to offer free coffee to all students! Therefore it has purchased a coffee machine, costing 5,000, which will cost E10,000 a year to operate and maintain. If the discount rate is 12 and the coffee machine will last for years. What is the equivalent annual cost of the coffee machine 22.637.34 E18.586.34 E15.486.34 13.386.34

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