ClassworkJan 18 -Saving for Retm

ClassworkJan 18 -Saving for Retm - Given: t 1 2 29 30 31 99...

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Given: r= 10% S= t Date BoP Balance Annual Inflow/Outflow 1 12/31/2011  $-     $15,000.00  2 12/31/2012  $15,000.00   $15,000.00  29 12/31/2039  $2,013,149.04   $15,000.00  30 12/31/2040  $2,229,463.95   $15,000.00  31 12/31/2041  $2,467,410.34   $(247,053.86) 99 12/31/2109  $428,771.16   $(247,053.86) 100 12/31/2110  $224,594.42   $(247,053.86)
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 $15,000.00  AF(10%,30yrs)= 9.43  $141,403.72  Interest EoP Balance AF(10%,70yrs)= 9.99  $-     $15,000.00   $1,500.00   $31,500.00   $201,314.90   $2,229,463.95   $222,946.39   $2,467,410.34   $246,741.03   $2,467,097.51   $42,877.12   $224,594.42   $22,459.44   $(0.00) PV 0 (S)= PV 30 (S)=
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 $2,467,410.34  W=  $247,053.86 
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Given: r= 10% S=  $15,000.00  AF(10%,30yrs)= t Date BoP Balance Annual Inflow/Outflow Interest EoP Balance 1 12/31/2011  $-     $15,000.00   $-     $15,000.00  2 12/31/2012  $15,000.00   $15,000.00   $1,500.00   $31,500.00  15 12/31/2025  $419,624.75   $15,000.00   $41,962.48   $476,587.23  16 12/31/2026  $476,587.23   $15,000.00   $47,658.72   $539,245.95  17 12/31/2027  $539,245.95   $15,000.00   $53,924.59   $608,170.54  18 12/31/2028  $608,170.54   $15,000.00   $60,817.05   $683,987.60  19 12/31/2029  $683,987.60   $15,000.00   $68,398.76   $767,386.36  20 12/31/2030  $767,386.36   $15,000.00   $76,738.64   $859,124.99  21 12/31/2031  $859,124.99   $15,000.00   $85,912.50   $960,037.49  22 12/31/2032  $960,037.49   $15,000.00   $96,003.75   $1,071,041.24  23 12/31/2033  $1,071,041.24   $15,000.00   $107,104.12   $1,193,145.36  24 12/31/2034  $1,193,145.36   $15,000.00   $119,314.54   $1,327,459.90  25 12/31/2035  $1,327,459.90   $15,000.00   $132,745.99   $1,475,205.89  26 12/31/2036  $1,475,205.89   $15,000.00   $147,520.59   $1,637,726.48  27 12/31/2037  $1,637,726.48   $15,000.00   $163,772.65   $1,816,499.13  28 12/31/2038  $1,816,499.13   $15,000.00   $181,649.91   $2,013,149.04  29 12/31/2039  $2,013,149.04   $15,000.00   $201,314.90   $2,229,463.95  30 12/31/2040  $2,229,463.95   $15,000.00   $222,946.39   $2,467,410.34  31 12/31/2041  $2,467,410.34   $(247,053.86)  $246,741.03   $2,467,097.51  32 12/31/2042  $2,467,097.51   $(247,053.86)  $246,709.75   $2,466,753.40  33 12/31/2043  $2,466,753.40   $(247,053.86)  $246,675.34   $2,466,374.88  34 12/31/2044  $2,466,374.88   $(247,053.86)  $246,637.49   $2,465,958.51  35 12/31/2045  $2,465,958.51   $(247,053.86)  $246,595.85   $2,465,500.50  36 12/31/2046  $2,465,500.50   $(247,053.86)  $246,550.05   $2,464,996.69  37 12/31/2047  $2,464,996.69   $(247,053.86)  $246,499.67   $2,464,442.50  38 12/31/2048  $2,464,442.50   $(247,053.86)  $246,444.25   $2,463,832.89  39 12/31/2049  $2,463,832.89   $(247,053.86)  $246,383.29   $2,463,162.32  40 12/31/2050  $2,463,162.32 
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This note was uploaded on 07/27/2011 for the course BUS 106 taught by Professor Li,c. during the Winter '08 term at UC Riverside.

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ClassworkJan 18 -Saving for Retm - Given: t 1 2 29 30 31 99...

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