Assume that you make $50,000 per year. You expect your pay to
increase by 2.5% year from now until you retire in 30 years. Your
goal is to withdraw an amount equal to 80% of your annual income at
retirement each year for 25 years (assume withdrawals are made at
the end of each year in retirement). How much would you have to
invest each year from now until retirement if your investment
returns are 8% per year while working...
The school population for a certain school is predicted to
increase by 80 students per year for the next 14 years. If the
current enrollment is 800 students, what will the enrollment be
after 14 years?
Joe's annual income has been increasing each year by the same
dollar amount. The first year his income was $24,700, and the
12th year his income was $37,900. In which year was his income $
43,900?
How many terms are there in each of...
The population of Egypt in 2002 was 73,312,600 and was
78,887,000 in 2006. Assume the population of Egypt grew
exponentially over this period.
Determine the 4-year growth factor and
percent change.
Determine the 1-year growth factor and percent
change.
Define a function that gives the population of Egypt in
terms of the number of years that have elapsed since
2002.
Re-write your function from part(c) so that it gives the
population of Egypt in terms of the number of decades...
In the year 2002, approximately 22.5% of the U.S. population
were currently smokers. We wonder if in Tennessee the proportion of
current smokers was also 0.225 or if it was higher than that.
Assume that in that year, a survey was conducted in Tennessee, and
that a simple random sample of 2466 individuals were selected. Out
of the 2466, 611 were classified as ’current smokers’.
We wish to conduct the test of hypothesis.
(a) State the appropriate null and alternative...
A firm that 50,000 outstanding shares is planning to offer a DPS
of 2.5. The price per share today is INR 55. The firm is all equity
financed and currently has a cash balance of INR 5 lakhs. What is
the cash balance and price per share after the dividend pay out?
You hold 1200 shares of this firm. You are upset that the firm has
paid you dividend and want to undo the dividend effect from your
port- folio?...
A firm that 50,000 outstanding shares is planning to offer a DPS
of 2.5. The price per share today is INR 55.
The firm is all equity financed and currently has a cash balance
of INR 5 lakhs.
What is the cash balance and price per share after the dividend
payout? You hold 1200 shares of this firm.
You are upset that the firm has paid you dividend and want to
undo the dividend effect from your port- folio?
What...
A firm that 50,000 outstanding shares is planning to offer a DPS
of 2.5. The price per share today is INR 55. The firm is all equity
financed and currently has a cash balance of INR 5 lakhs. What is
the cash balance and price per share after the dividend payout? You
hold 1200 shares of this firm. You are upset that the firm has paid
you dividend and want to undo the dividend effect from your port-
folio? What...
A firm that 50,000 outstanding shares is planning to offer a DPS
of 2.5. The price per share today is INR 55. The firm is all equity
financed and currently has a cash balance of INR 5 lakhs. What is
the cash balance and price per share after the dividend payout? You
hold 1200 shares of this firm. You are upset that the firm has paid
you dividend and want to undo the dividend effect from your port-
folio? What...
A labor contract provides a first year (nominal) wage of $50,000
per year, and specifies that the real wage will increase by 4% each
year. The CPI is 2.0 in the first year, 2.1 in the second year, and
2.15 in the third year.
Please enter your answers as numeric responses rounded to the
nearest dollar (ie. 32,900 or $32,900 not 32,900.00 or "Thirty-two
thousand nine hundred dollars").
What is the real wage for the first year of this contract?...
The insurance settlement pays you $50,000 in one year, growing
at 6$ per year for a total of 10 years.
a. The discount rate is 4%
b. What is the value today?