Forplanningpurposes,anindividualwantstobeabletospend€80,000peryear,attheendofeachyear,forananticipated25yearsinretirement.Inordertofundthisretirementaccount,hewillmakeannualdepositsof€6,608attheendofeachofhisworkingyears.Whatistheminimumnumberofsuchdepositshewillneedtomaketofundhisdesiredretirement?Use6%interestcompoundedannuallyforallcalculations.
A: 29payments
B: 40payments
C: 51payments
A: 29payments
B: 40payments
C: 51payments
举一反三
- transfer payments are payments by ()
- 1.According to the Balance of Payments Manual (The sixth edition) published by IMF, Balance of Payments is consisted of ( )、( ) and( )
- According to the neoclassical theory of distribution, total output is divided between payments to capital and payments to labor depending on their:
- The Marshall-Lerner condition can be used to determine ( ). A: Balance of payments B: Impact degree of currency depreciation on international balance of payments C: The impact of exchange rate fluctuations on international balance of payments D: Degree of currency depreciation
- The debt-to-equity ratio is calculated by dividing your monthly debt payments (not including house payments) by your net worth.