What discount rate would make you indifferent between receiving $3,753.00 per year forever and $5,595.00...
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What discount rate would make you indifferent between receiving $3,753.00 per year forever and $5,595.00 per year for 30.00 years? Assume the first payment of both cash flow streams occurs in one year. Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Today is Derek's 25 th birthday. Derek has been advised that he needs to have $2,772,513.00 in his retirement account the day he turns 65 . He estimates his retirement account will pay 8.00% interest. Assume he chooses not to deposit anything today. Rather he chooses to make annual deposits into the retirement account starting on his 27.00 th birthday and ending on his 65 th birthday. How much must those deposits be? Answer format: Currency: Round to: 2 decimal places
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