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You have just turned 30 years old, have just received your MBA, and have accepted your first job. Now you must decide how much money to put into your retirement plan. You are required to specify a fixed percentage of your salary that you want to contribute. Assume that your starting salary is $ 74 000 per year and it will grow 2.1 % per year until you retire. Every dollar in the plan earns 7.4 % per year. You cannot make withdrawals until you retire on your sixty-fifth birthday. After that point, you can make withdrawals as you see fit. You decide that you will plan to live to 100 and work until you turn 65. You estimate that to live comfortably in retirement, you will need $ 97 000 per year starting at the end of the first year of retirement and ending on your 100th birthday. What percentage of your income do you need to contribute to the plan every year to fund your retirement income?

the fraction of your salary you should save is: _ %.

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A pension plan is obligated to make disbursements of $4 million, $3 million, and $7 million...

A pension plan is obligated to make disbursements of $4 million, $3 million, and $7 million at the end of each of the next three years, respectively. Find the duration of the plan's obligations if the interest rate is 17.0% annually. (Round your answer to 4 decimal places.) Duration years...

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What are the intercepts of #y=-2(x+3)^2+25#?

What are the intercepts of #y=-2(x+3)^2+25#?...

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Need help with A, B 5. a. Water is flowing into a pool at a rate...

need help with A, B 5. a. Water is flowing into a pool at a rate of R(t)=5+ 0.11 Gallons per minute. Write an integral with appropriate lower and upper bounds which represents the total quantity of water that flows into the pool in the first 9 minutes. Evaluate this integral. Make sure to include th...

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PART FOUR:(20 points) Predict the output that would be shown in the terminal window when the...

PART FOUR:(20 points) Predict the output that would be shown in the terminal window when the following program fragments are executed 1. Assume that an int variable takes 4 bytes and a char variable takes 1 byte #include<stdio.h> int main() int A[]-{10, 20, 30, 40); int *ptrl - A; int ptr2 = A...

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A bag of 100 tulip bulbs purchased from a nursery contains 25 red tulip bulbs, 40...

A bag of 100 tulip bulbs purchased from a nursery contains 25 red tulip bulbs, 40 yellow tulip bulbs, and 35 purple tulip bulbs. (a) What is the probability that a randomly selected tulip bulb is red? (b) What is the probability that a randomly selected tulip bulb ...

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3. Why do you need to keep adding precipitating reagent until your sample solution no longer...

3. Why do you need to keep adding precipitating reagent until your sample solution no longer precipitates? Looking at the values and average value your group got for %P0 or %S0 consider your results in this experiment to be reproducible? Why? do you 4....

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QUESTIUN In credit terms of 3/15, n 45, the "3" represents the a. number of days...

QUESTIUN In credit terms of 3/15, n 45, the "3" represents the a. number of days in the discount period b. number of days when the entire amount is due c. percent of the cash discount d. full amount of the invoice QUESTION 8 Titans Co. purchases merchandise with a catalog list price of $30,0...

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A study randomly assigned students to listen to music by Mozart or no music while attempting...

A study randomly assigned students to listen to music by Mozart or no music while attempting to memorize objects pictured on a page. They were then asked to list all the objects they could remember. Assume both memory scores are approximately normally distributed. Group Music n x s 1...

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3. (5 points) Find the solution u(xt) of the equation ue = Uxx, subject to the...

3. (5 points) Find the solution u(xt) of the equation ue = Uxx, subject to the boundary conditions u(0,t) = 1, u(2,t) = 3, and the initial condition u(,0) = 3x + 1....

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An object is moving at a constant speed around a circle. In which of these cases...

An object is moving at a constant speed around a circle. In which of these cases does the magnitude of the centripetal acceleration of the object increase the most? The radius of the circle doubles The object's speed doubles The object's speed is halved The radius of the circle is halved...

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Need help with this retained earnings with ppa for eddie zambrano 2 of 6 Chapter 04...

need help with this retained earnings with ppa for eddie zambrano 2 of 6 Chapter 04 Homework - Statement of Retained Earnings Exercise 4-12 Statement of retained earnings with PPA Eddie Zambrano Corporation began operations on January 1, 2017. During its first 3 years of operations, Zambrano rep...

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96 Cuthill Corporation has 2 loans outstanding • $9406 taken on Feb 1, 20x1 at 8%...

96 Cuthill Corporation has 2 loans outstanding • $9406 taken on Feb 1, 20x1 at 8% interest • $24967 taken on Nov 30, 20x1 at 12% interest. The final year-end adjusting entry for interest expense for the year 20x1 will be Select one: a. A credit to interest expense of $ 1189 b. A credit to ...

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5. An ideal gas (y= 1.4) Volume 2 m' and if is compressed to 4x10 Pa...

5. An ideal gas (y= 1.4) Volume 2 m' and if is compressed to 4x10 Pa adiabatic at Volume 0.5 m². Calculate the work in that process....

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PROBLEM III (25 points) The signal v,(t) circuit 2 cos(20rt) cos(10rt) is placed at the input...

PROBLEM III (25 points) The signal v,(t) circuit 2 cos(20rt) cos(10rt) is placed at the input of a linear and time invariant Ideal #1 low-pass filter with frequency response H(o) al where de 20π. Find the output signal v2(t) using Fourier transform....