subject
Business, 22.08.2020 23:01 ecletcicbeauty946

George More is a participant in a defined contribution pension plan that offers a fixed-income fund and a common stock fund as investment choices. He is 40 years old and has an accumulation of $100,000 in each of the funds. He currently contributes $1,500 per year to each. He plans to retire at age 65, and his life expectancy is age 80.a. Assuming a 3% per year real earnings rate for the fixed-income fund and 6% per year for common stocks, what will be George’s expected accumulation in each account at age 65? (Do not round time value factors and round your final answer to the nearest dollar amount.)Fixed Income FundCommon Stock Fundb. What will be the expected real retirement annuity from each account, assuming these same real earnings rates? (Do not round time value factors and round your final answer to the nearest dollar amount.)Fixed Income FundCommon Stock Fundc. If George wanted a retirement annuity of $30,000 per year from the fixed-income fund, by how much would he have to increase his annual contributions? (Do not round time value factors and round your final answer to the nearest dollar amount.)

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 13:00, yilianblanco
Among the advantages of corporations are the ease of raising financial capital, professional management, and a. rapid promotions b. lower taxes c. limited liability d. specialization
Answers: 1
image
Business, 21.06.2019 21:40, brooket30057
Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection
Answers: 1
image
Business, 22.06.2019 07:30, maskythegamer
Why has the free enterprise system been modified to include some government intervention?
Answers: 1
image
Business, 22.06.2019 17:50, nayelieangueira
What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories
Answers: 3
You know the right answer?
George More is a participant in a defined contribution pension plan that offers a fixed-income fund...

Questions in other subjects:

Konu
Mathematics, 29.10.2019 08:31
Konu
Mathematics, 29.10.2019 08:31
Konu
Mathematics, 29.10.2019 08:31