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When Sam retires at age 67, he wishes to withdraw all his superannuation as a lump sum and use that to invest in an annuity that pays him $70,000 each year for 20 years. This $70,000 income comprises of part principal draw down on the lump sum he invested and part interest he earns from the return on his lump sum. Sam can earn a 2% p.a. return on his lump sum investment. By the final year, he will have drawn down his initial investment to 0. Based on these terms, calculate the lump sum amount of superannuation Tom needs to have at 67, in order to achieve his target payment of $70,000 each year for 20 years.
Local Bank down the street is also offering a loan at 10% where the payments are made quarterly. Which loan has the lowest effective annual rate?
Explain why an investor might take an illiquid position in a forward contract rather than using an exchange-traded futures contract.
Billions of dollars are paid to financial advisors each year to earn a return that is superior to what an individual could earn on his or her own. John Bogle started the Vanguard company and the first index mutual fund.
Describe some policies to reset the button for the Tourism industry post COVID19.
The expected return on the market portfolio is 13 percent with a standard deviation of 16 percent. What are the expected return and standard deviation
Local Trucking, Inc. transports hazardous waste to a hazardous waste disposal site called Industrial Waste, Inc. Industrial sells the site to Venture Properties
Evaluate Sokol's conduct and determine which, if any, of the CFA Institute Standards of Professional Conduct are applicable. For each applicable Standard, determine whether conduct complied with or violated the Standard. What should Mikkel Orut do..
Dixie Chicken is considering installing a new Coke Freestyle machine in one of its franchise stores. The machine will cost
Profits might be compared with sales, assets, or stockholders' equity. Why might all three bases be used? Will trends in these ratios always move in the same direction?
JBC Corp declared a dividend of $2 per share, which was an increase of 25% from the prior year, yet JBC Corp stock declined by 3% the day of the announcement. RBG Corp declared a dividend of $2 per share, which was the same as the prior year, and i..
A 5 year project has an initial fixed investment of 335,000, an initial NWC investment of 35,000 and an annual OCF of -34,000.
stephens corporation is thinking about constructing a new facility. the company has usually distributed its earnings in
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