Retirement Planning

Chapter 7 Retirement Planning Current Age27 working(a) Experience ( brotherly classs)5 Age Graduated 22 Current Annual plunder$70,000.00 Growth rate5% Voluntary Retirement savings Program Employee plowshare11% P/S: inference from gross salary Maximum region per grade$12,000.00 forthcoming Expenses Wedding Plans Time (Months)12 Cost (Current)$15,000.00 nap Payment (House)20% House Price (Current)$250,000.00 Time purchasing the household (Years)5 jump Annual remuneration $54,846.83 FV = PV ( 1+r )^n office to voluntary savings in first year of employment$6,033.15 Nominal Rate of Interest7% YearSalaryContributionAccumulated ContributionInterest 1$54,846.83 $6,033.15-- 2$57,589.17 $6,334.81$6,033.15$422.32 3$60,468.63 $6,651.55$12,790.28$895.32 4$63,492.06 $6,984.13$20,337.15$1,423.60 5$66,666.67 $7,333.33$28,744.88$2,012.14 Return in common stocks deepenYearContributionAccumulated ContributionInterest mettle Contrib ution A.P.R. (Daily)12.75%1$6,033.15 --$6,033.15 2$6,334.81 $6,033.15$807.53$13,175.49 3$6,651.55 $13,175.49$1,679.54$21,506.58 4$6,984.13 $21,506.58$2,741.54$31,232.25 5$7,333.33 $31,232.25$3,981.

32$42,546.90 A.P.R. (Monthly)12.68%YearContributionAccumulated ContributionInterestTotal Contribution 1$6,033.15 --$6,033.15 2$6,334.81 $6,033.15$803.41$13,171.37 3$6,651.55 $13,171.37$1,670.46$21,493.38 4$6,984.13 $21,493.38$2,725.90$31,203.41 5$7,333.33 $31,203.41$3,957.37$42,494.11 A.P.R. (Annually)12.00%YearContributionAccumulated ContributionInterestTotal Contribution 1$6,033.15 --$6,033.15 2$6,334.81 $6,033.15$723.98$13,091. 94 3$6,651.55 $13,175.49$1,581.06$21,408.10! 4$6,984.13 $20,674.94$2,480.99$30,140.06 5$7,333.33 $28,549.37$3,425.92$39,308.62 Age (Starting...If you want to disembowel a encompassing essay, order it on our website: BestEssayCheap.com

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