1 donna is 50 years old her income every month is 4000 she, Ask an Expert

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1. Donna is 50 years old. Her income every month is $4000. She wants to retire at age 65 and wishes to live up to the age of 90. What is Donna's monthly retirement income if her rate of return on assets during retirement is 4% and the inflation rate is 1%?

2. Find present value of 5-yr increasing quarterly payable annuity immediate with initial payment of $50 and annual effective interest rate 8%. (So bond pays $50 X 4 then $100…)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92642501

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