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Determine monthly saving:
Based on the following information, answer the questions.You consider a retirement plan. The retirement plan will give you $1,000 every month for 10 years, starting in January 2034. The annual interest rate is 12%.
1)How much will do you need to buy the retirement plan in December 2033? 2)In order to buy the retirement plan, you will save the same amount of money every month at 12% interest rate for the coming 20 years. What is your monthly saving to buy the retirement plan in December 2033?
Question 1: (a) What are the competing theories which have been put forward to explain the term structure of interest rates? Which theories do the evidence tend to support?
The first part requires you to prepare a basic master budget. The general description is provided in Part A, in this document. However the data for the assignment is to be obtained
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