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Essay

Mr. Alfred Road

Essay specific features

 

Issue:

Business

 

Written by:

Frances W

 

Date added:

April 29, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 799

 

Was viewed:

4961 times

 

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Essay content:

We find the 20-year annuity with present value equal to the value in the account: Present Value = annual payment ? 20-year annuity factor at 9% interest rate: PV = annual payment $180,000 = annual payment ? 9.129 ? Annual payment = $180,000/9.129 = $19,717 Notice that the investment account provides annual income of $19,717, which is more than the annual interest from the account...
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This is because Mr. Road plans to run the account down to zero by the end of his life. So Mr. Road can spend: $19,717 + $600 + $9,000 = $29,317 per year This is comfortably above his current living expenses, which are $2,000 per month or $24,000 annually. The problem of course is inflation. We have mixed up real and nominal flows...
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General issues of this essay:
Canadian Income Tax I Income Smoothing Income Tax Law Research Income Tax Research Income Tax Income Taxes Simulation Based Pricing and controlling of currency hedged fixed income portfolios (german) Wage Income National Income income Net Factor Income from Abroad Income GAPS Income Gap Income Security and Health Care Social Income Inequality
 

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