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A company wants to provide a retirement plan for an employee who is aged 55 now. The plan will provide her with an annuity immediate of $7,000 every year for 15 years upon her retirement at the age of 65. The company is funding this plan with an annuity-due of 10years. If the rate of interest is 5%, what is the amount of installment the company should pay?
Every yearly withdrawal will be made at the start of the year. How much ought to be the estimation of his ventures at the point when Vikas turns 60, to meet this retirement need?
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describe the methods available to a firm for expediting the collection of
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Assume that the firm could earn 10% on marketable securities and that there are 260 working days and hence 260 transfer from each lockbox location per year.
Suppose that at time 30 you will receive a retirement bonus of $50,000 from your company. If the interest rate is expected to be 12 percent, compounded monthly, from now until time 30, how much would you need to save at the end of each month in or..
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how much should the couple begin depositing annually at the end of each year to accumulate enough funds to pay the first year's tuition at the beginning of the 19th year? Assume that they can earn a 6% annual rate of return on their investment.
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