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Troy and Kristy Reynolds (both currently 56) have determined that they will require retirement income equal to $93,000 in today's dollars, based on their current income. They plan to retire in 8 years and wish to assume an after-tax return on their investments, prior to retirement, of 8%. They plan to readjust their assets after retirement and believe that their net return will drop to 6%. Troy's parents are both in their late eighties, and Kristy's parents are in their seventies. Troy and Kristy assume that retirement will last for 30 years, and that inflation will average 2%.
Problem 1: What is the amount of capital necessary at the start of retirement support their income needs throughout retirement?
The maximum selling price that can be negotiated is f500 per unit for an order of 100 units over the next three months. Should the company accept the order?
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