Part a you want to retire in 35 years the actuarial table, Ask an Expert

Economics

Part A. You want to retire in 35 years. The Actuarial table indicates that your anticipated years in retirement will be 20 years. If you anticipate the return on your investments will be 5% and you wish to get $100,000 per year in retirement, how much money would you need at the beginning of retirement?

Part B: Using the value you computed above, compute how much per year you would need to invest at 5% ROR to achieve that goal.

Please show simple cash flow diagram for a & b.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91273025

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