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It is now January of 2057. You have achieved your goal of funding your retirement account with $2,000,000. You have decided to retire.
You wish to convert your $2,000,000 to a "lifetime annuity" which will provide you with a monthly payment for the rest of your life. You wish this payment to begin in one month after you fund your annuity.
You talk to a financial advisor who informs you that annuity products are paying interest at 3% per year. You consult the U.S government mortality tables and find that your gender and age, your expected remaining life is 18 years and four months.
Based on this information, what would you expect your monthly payment to be?
Assuming that inflation will be 3%/ year over your working life, what is the value of your monthly annuity paymeny in today's dollars?
Please show formula used and calculations
John is thinking about investing his money in the stock market. He has the following three stocks in mind: stock A, B, and C.
Explain the difference, if any, between the effective interest rate of a loan and the stated interest rate. How do lenders safeguard against loans secured by accounts receivable? What are some of the common methods for banks to increase their return ..
how long will it take her to pay off the debt?
Currently bonds with a similar credit rating and maturity as the firm's outstanding debt are selling to yield 7.19% while the borrowing firms corporate tax rate is 34%. The after tax cost of debt debt for the firm is ________% Common stock for a firm..
Suppose you have insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6%? Show all work.
Default Risk Premium A company's 5-year bonds are yielding 7.8% per year. Treasury bonds with the same maturity are yielding 5.15% per year, and the real risk-free rate (r*) is 2.05%. The average inflation premium is 2.7%, and the maturity risk premi..
Your friend has given you a hot tip about an investment deal that will pay off $6,000 a year at the end of each of the next three years. If your required rate of return for investments with this degree of risk is 7%, approximately how much is the inv..
Which of the following is the least likely to be included in the portfolio management process?
You just got paid $2,500 for a summer job that you did and you would like to save it and put it away for a trip you would like to take in 21 months when you graduate. If you invest it and earn a nominal 5.00% rate of return with quarterly compounding..
Newman manufacturing is considering a cash purchase of the stock of Grips Tool. What is the maximum price per share that Newman should pay for Grips.
In the previous equation, assume that ?t follows a standardized Student-t distribution with v degrees of freedom. Derive the conditional log likelihood function of the data.
A market value–weighted index Rate of return %. An equally weighted index Rate of return %.
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