Death rate (per 1000)Use the graph to estimate the death rate for 70-year-olds.Assuming that there were about 10.5 million 70-year-olds, howmany people of this age could be expected to die in a year?35Death Rate by AgeThe estimated death rate for 70-year-olds is1000 people.(Round to the nearest whole number as needed.)deaths perAssuming that there were about 10.5 million 70-year-olds,people of this age could be expected to die in a year.(Simplify your answer.)2015105010 20 30 40 50 60 70Age

In order to find the death rate per 1000 people for 70-year-olds, refer to the x-axis of the graph,…

Answered: Death rate (per 1000) Use the graph to…

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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Hi there, how do i calculate this without using excel? Information: Your pension is reduced by 0.6% of the monthly payment for every month before age 65 that you receive pension payments. You are currently 60 years old and plan to die at 85. Retirement options: Option 1: Make $1364.6 per month if you start your CPP at age 65. If you take CPP starting at age 60, Option 2: Delay taking your CPP benefits until after 65, your monthly income will increase by0.7% for each month that you delay, up until age 70. Discount rate is .04 per month Question: what is the present value at age 60 of your CPP payments if you begin taking them at age 65? What is the present value at age 60 of your CPP payments if you begin taking them at age 70?
Please show excel formulas
Nancy Cardoza (hypothetical person) invested $4,300 in ExxonMobil stock because her research indicated the stock should earn an average return of 9 percent for the investors over the next five years. If ExxonMobil investors do earn 9 percent each year, what will her $4,300 investment be worth at the end of five years? Note: I am not sure which table we should use for this problem or how to round the time value factor to 3 decimal places and final answer to 2 decimal places. Future value = ?????
You have just turned 21 and you are planning for your retirement. You would like to retire at age 65 (44 years from now), at which time you will begin withdrawing funds from your retirement account. You would like to take a total of 26 withdrawals, with your first withdrawal of $150.000 at. Year 65, and your last withdrawal at Year 90 . In order to account for inflation, your withdrawals in Year 66 through Year 90 will increase by 4.0 percent each year (i.e., a growing annuity; the withdrawal for Year 66= $150,000⋅1.04=$156,000, etc.). You currently have $30.000 in your retirement account and believe that you can earn an effective annual rate of return of 7.84 percent over time. Given this information, determine how much you would have to deposit in your retirement account, each year, at Years 21 - 64 (a total of 44 deposits), in order for you to be able to meet your retirement goals
Suppose you invest $25 per week into an account that earns 2% compounded weekly. You make the deposits at the beginning of each week. If you continue to make these deposits for 40 years, how much will you save? Group of answer choices $73,443.56 $79,668.54 $53,040.00 $79,637.91
Starting early, starting late. In this exercise, we consider the effects of starting early or late to save for retirement. Assume that each account considered has an APR of 6% compounded monthly. a. At age 20, you realize that even a modest start on saving for retirement is important. You begin depositing $50 each month into an account. What will be the value of your nest egg when you retire at age 65? b. Against expert advice, you begin your retirement program at age 40. You plan to retire at age 65. What monthly contributions do you need to make to match the nest egg from part a? c. Compare your answer to part b with the monthly deposit of $50 from part a. Also compare the total amount deposited in each case. d. Let's return to the situation in part a: At age 20, you begin depositing $50 each month into an account. Now suppose that at age 40, you finally get a job where your employer puts $400 per month into an account. You continue your $50 deposits, so from age 40 on, you have two…
PV at 10% at the end of year 2. How do you get 0.82645? Do you use a calculator, if so, how do you work it out or written?
1. If you begin investing at age 25 instead of age 20, how much more do you need to invest per month to have $1M at retirement? 2. If you begin investing at age 45 instead of age 40, how much more do you need to invest per month to have $1M at retirement? Why is this amount so much greater than the difference between 20 and 25? 3. If you wait until you’re 45 to begin investing, how much money will you need to invest, just for retirement, per year? Why might this be difficult? 4. Using the data in graphs II and III, how much will most millennials need to begin investing, per month, in order to have $1M in retirement? Please, explain.
If you invest your retirement (any amount) yielding 8.53% per year, how many years will it take to triple (please enter your response with two significant decimal places - for instance 15.75 for 15.75 years)?
Using the date in these two graphs, answer this question: how much will most millennials need to begin investing, per month, in order to have $1M in retirement? Explain your answer.
1. A 40 year old man in the U.S has a 0.242% risk of dying during the next year. An insurance company charges $260 per year for a life-insurance policy that pays a $100,000 death benefit. What is the expected value for the person buying the insurance? Round the answer to the nearest dollar.
Inflation Laureen Mauer's salary a year ago was $51,000. If inflation during the year was 3 percent in Tampa where she lives, how much of a decline in her purchasing power occurred? Enter the dollar answer as a positive value. Round your answer to the nearest dollar. $ Also, what would be her purchasing power if deflation of 2 percent occurred? Round your answer to the nearest dollar. $

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