Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another thirty years and that the applicable discount rate is 9 percent. Given these assumptions, what is this employee benefit worth to you in 30 years?
Your employer contributes $50 a week to your retirement plan. Assume that you work for your employer for another thirty years and that the applicable discount rate is 9 percent. Given these assumptions, what is this employee benefit worth to you in 30 years?
A simple financial agreement between two persons is an annuity. A predetermined schedule of payments made by one party to another over a certain time period is provided by this contract. Mortgage payments, pension payments, and debt repayment might all employ an annuity payment. The accumulated worth of all the annuity payments made is regarded the annuity's future value and their current worth is the annuity's present value.
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