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Bety Bronson has just retired afler 25 years with the electric company Her total pension funds...
1. Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $230,000, and her life expectancy is 17 more years. Her pension fund manager assumes he can earn a 10 percent return on her assets. What will be her yearly annuity for the next 17 years? 2. C. D. Rom has just given an insurance company $42,500. In return, he will receive an annuity of $5,800 for 20 years. ...
Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $340,000, and her life expectancy is 16 more years. Her pension fund manager assumes he can earn a 11 percent return on her assets. What will be her yearly annuity for the next 16 years ANNUAL INTEREST RATE # of times Interest is compounded during 1 year TERM # OF PERIODS INTEREST RATE PER PERIOD PRESENT VALUE (Lump Sum)...
Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $180,000, and her life expectancy is 15 more years. Her pension fund manager assumes he can earn a 9 percent return on her assets. What will be her yearly annuity for the next 15 years?
1. After 25 years of teaching, Linda Adams has decided to retire and start collecting her pension. The pension fund manager assumes he can earn a 8 percent return on her assets. Her fund has an accumulated value of $370,000 and she is expected to live 19 more years Based on these expectations, calculate her yearly annuity for the next 19 years. (Enter your answer as a positive number rounded to 2 decimal places.) Annuity ________ 2. The interest rate...
Fleda's Beauty Company has $200,000 of total assets and earns 20 percent interest and taxes on these assets. The ratio of total debts to total assets (or DR been set at 50 percent. The interest rate on short-term debt is 7 percent, while the interest rate on long-term debt is 10 percent. A conservative policy calls for only long-term debt with no short-term debt; an intermediate policy calls for 50 percent short-term debt and 50 percent long-term debt; and an...