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Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 70.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 70.0 when he fully retires, he will begin to make annual withdrawals of $182,952.00 from his retirement account until he turns 91.00. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be? Assume a 9.00% interest rate.
Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 75.0 when he fully retires, he will begin to make annual withdrawals of $148,008.00 from his retirement account until he turns 86.00. After this final withdrawal, he wants $1.83 million remaining in his account. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be? Assume a 9.00% interest rate.
Using Rule of 72. In 1967, tuition, room, and board at a private college costs $3000. In 2007, the same services cost $48,000. Find the average annual rate of college-cost inflation, using the Rule of 72.
Q1: Identify a best practice in community policing that you believe could be replicated in most midsized police agencies. Why do you believe it has potential in most jurisdictions?
If the bank is charging customers 9.00% APR how much would it be willing to lend the business owner?
In this formulation, we are assuming the price movement as a logarithm process. What is the risk-neutral probability
What is a production report? What purpose does this report serve?- In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?
You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 202 (first payment made at t = 1), followed by five annual payments of $ 536, followed by four annual payments of $ 874.
Convertible preferred stock Valerian Corp. convertible preferred stock has a fixed conversion ratio of 5 common shares per 1 share of preferred stock. The preferred stock pays a dividend of $10.00 per share per year.
Question: What are the pros of the merit appointment system of selecting judges?
In June of the current year, Dean Tiller purchased new computers (five-year property) for use in his business. The cost of the computers was $8,800.
You take out a mortgage in the amount of $200,000 for 30 years at a rate of 5.75%: a. What is the monthly payment amount? b. How much interest will you pay over 30 years?
What type of consumer is the ad targeting? If you were creating an ad for this product, what type of message and image strategy would you use and why?
A UCF graduate has two job offers. Job 1 pays $36,500 with a $5,500 non-taxable benefit, while Job 2 pays $35,000 and has a $6,200 non-taxable benefit. What is the PRE-TAX value of each job assuming the graduate is in a 15% marginal tax bracket?
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