Reference no: EM13859759
Problem:
|
Client's name:
|
Kevin Walsh
|
|
Age:
|
22
|
|
Years until retirement:
|
30
|
|
Years in retirement:
|
30
|
|
Inflation assumption:
|
3.5
|
|
Return during savings:
|
9%
|
|
Return during retirement:
|
6%
|
|
Annual raises:
|
3.50%
|
|
Current Income:
|
$80,000
|
|
Income in 20 years:
|
|
|
Current retirement savings:
|
$20,000
|
|
Annual contribution to retirement:
|
|
|
First half years to retirement:
|
$15,000
|
|
Second half years to retirement:
|
25,000
|
a. How much will your client have on the day he/she retires?
b. He/she wants equal payments every year and wants to leave nothing to heirs?
c. Using the assumed rate of inflation,what is the annual amount drawn the first year, (solution b) worth today? Comment on your client's ability to live on this amount in retirement
d. How much will the client be able to withdraw each year of retirement, if the client wants to leave an amount equal to 20% of the starting amount of the retirement account on the day he retires (20%of a) to heirs upon his death which he assumes will be the last day of his projected retirement
e. Now create a worst case scenario for your client. You are half way to retirement:
Assume the returns for the first half of the savings period are 2% less than assumed above, and the client only put away half of what was assumed.
How much will the client have to now save per year to save to the original amount found in part a, assuming the rate goes back to the assumed return during savings period?
f. If your client states that saving the amount in part e is much too high to save, comment on what else they could do.
|
Find the bid price and derive the production schedule
: The contractor can deliver only completed units and is paid the following month. Profit is set at 10 percent of the bid price. Find the bid price, derive the production schedule, and calculate the cash flow schedule.
|
|
What is the role of the manager in an organization?
: What is the role of the manager in an organization?
|
|
Develop a model that can be used to schedule production
: Develop a model that can be used to schedule production for The Mill, and at the same time, determine how many yards of each fabric must be purchased from another mill.
|
|
Develop a simple canvas animation of your own design
: Develop a simple canvas animation of your own design. For example, you could rotate the four smaller solid circles around the red hollow circle using trigonometry (sin and cos)to locate the x,y coordinates of the circles at different angles.
|
|
Assumed rate of inflation
: Using the assumed rate of inflation,what is the annual amount drawn the first year, (solution b) worth today? Comment on your client's ability to live on this amount in retirement
|
|
How has technology changed the way
: How has technology changed the way in which the manager defines how tasks are performed and completed within the organizational structure? What happens to structure when the walls are missing? How do the tasks get complete and by whom?
|
|
How would you incorporate these into your working life
: In a brief 1-2 paragraph reflection, explain why a professional organization had a policy such as this. How would you incorporate these into your working life
|
|
Create a complete hi-fidelity prototype using fluid-ui
: Create an application that demonstrates competence at using lists and create a sketch, and refine it further to create a hi-fi prototype. Undertake a heuristic usability on this hi-fi prototype.
|
|
How you might improve the jobs of your employees
: You are the sole supervisor of this large group. Using the job characteristics model (JCM), describe how you might improve the jobs of your employees in order to improve motivation, performance, and job satisfaction
|