A new employee plans to receive 760,000 TL individual retirement bonus when he retires. According to the forecast that this person will retire after 30 years, premium payments will be made at the end of each year and a compound interest rate of 14% will be applied each year; a) What is the premium amount to be deposited at the end of each year b) Draw the cash flow diagram for the transactions. (10 puan). c) Calculate the present value of the 760,000 TL bonus that this person will receive when she retires
A new employee plans to receive 760,000 TL individual retirement bonus when he retires. According to the forecast that this person will retire after 30 years, premium payments will be made at the end of each year and a compound interest rate of 14% will be applied each year; a) What is the premium amount to be deposited at the end of each year b) Draw the cash flow diagram for the transactions. (10 puan). c) Calculate the present value of the 760,000 TL bonus that this person will receive when she retires
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A new employee plans to receive 760,000 TL individual retirement bonus when he retires. According to the
a) What is the premium amount to be deposited at the end of each year
b) Draw the cash flow diagram for the transactions. (10 puan).
c) Calculate the
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