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This is a classic retirement problem. A time line will help in solving it. Your friend is celebrating her 35th birthday today and wants to start saving for her anticipated retirement at age 65. She wants to be able to withdraw $134,000 from her savings account on each birthday for 20 years following her retirement; the first withdrawal will be on her 66th birthday. Your friend intends to invest her money in the local credit union, which offers 7.9 percent interest per year. She wants to make equal annual payments on each birthday into the account established at the credit union for her retirement fund.
a. If she starts making these deposits on her 36th birthday and continues to make deposits until she is 65 (the last deposit will be on her 65th birthday), what amount must she deposit annually to be able to make the desired withdrawals at retirement?
b. Suppose your friend has just inherited a large sum of money. Rather than making equal annual payments, she has decided to make one lump sum payment on her 35th birthday to cover her retirement needs. What amount does she have to deposit?
c. Suppose your friend's employer will contribute $4,400 to the account every year as part of the company's profit-sharing plan. In addition, your friend expects a $184,000 distribution from a family trust fund on her 55th birthday, which she will also put into the retirement account. What amount must she deposit annually now to be able to make the desired withdrawals at retirement?
What is the expected return on the firm's equity before the announcement of the stock repurchase plan and what is the value of equity after the announcement of the stock repurchase plan?
What is the yield to maturity on a Treasury STRIPS with 7 years to maturity and a quoted price of 65.492
Fisk corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. FIsk anticipates sales of 75,000 units per year, an ordering cost of $8 per order,
You are 25 years old and decide to start saving for your retirement. You plan to save $5000 at the end of each year (so the first deposit will be one year from now), and will make the last deposit when you retire at age 65.
Discuss key reasons why a country should engage in global trade, and describe the control systems that can be put in place to protect domestic trade.
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The exercise price on one of the First Link Investment corporation's call option us $15, its exercise value is $22 and its premium is $5. what are the option's market value and the stock's current price
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Crypton Electronics has a capital structure consisting of 41% common stock and 59%debt. a debt issue of $1000 par value 6.1% bonds that mature in 15 years and pay intrest will sell for $977.
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