金融计算题,简答类的.Your friend is 30 years old today and is considering her retirement needs.She expects to retire at the age of 60 (30 years from today),and her actuarial tables suggest that she will live to be 95 (35 years in retirement).

金融计算题,简答类的.Your friend is 30 years old today and is considering her retirement needs.She expects to retire at the age of 60 (30 years from today),and her actuarial tables suggest that she will live to be 95 (35 years in retirement).
金融计算题,简答类的.
Your friend is 30 years old today and is considering her retirement needs.She expects to retire at the age of 60 (30 years from today),and her actuarial tables suggest that she will live to be 95 (35 years in retirement).She wants to move to the Coast 5-years after she retires.She estimates that it will cost her a one off $250,000 to make the move (on her 65th birthday) and that her living expenses will be $35,000 a year (starting at the end of 61 year and continuing through the end of year 95) after that.She heard that you are doing your AFM 231 Corporate Finance and has asked your opinion on the following:
a.How much will she need to have saved by her retirement date to be able to afford this course of action?(assume 8% interest rate).
b.Alternatively,she already has $50,000 in savings.If she can invest this money,tax-free,at 8% a year,how much would she need to save each year for the next 30 years to be able to afford this retirement plan?
c.Another possible scenario is that she does not have any current savings and she does not expect to be able to start saving money for the next five years,how much would she have to set aside each year after that to be able to afford this retirement plan?(assume 8% interest rate).
d.Calculate (a),(b) and (c) if she can invest the money saved only at 5% a year.

金融计算题,简答类的.Your friend is 30 years old today and is considering her retirement needs.She expects to retire at the age of 60 (30 years from today),and her actuarial tables suggest that she will live to be 95 (35 years in retirement).
easy corporate finance questions.you need to draw a time line which indicates 30 payments of deposits and 35 withdraws.the point is the total withdraw in time zero should equal to the 30 total deposits in time zero.you need to concern that not all the withdraws are the same...and you cannot use single one formular.on her 65th birthday ,there will be a one off withdraw.
p.s.watch out the withdrawing happens after the last deposit...this is really important.and the last withdraw is at the end of 95th year.
A) first asume each deposit is A amount.asume today is year 0
by the end of year 30 FV(30)=(A/r)*((1+r^30)-1=A*((1.08^30)-1)/0.08
by the end of year 65 PV(65)=35000*(1-(1.08^-35))/0.08
plus the one off payment at the end of year 35 PV(35)=250000/(1.08^5)
FV(30)=PV(35)+PV(65)=578055.6868[ here I discount all the amount to year 30 not year 0,you can do year 0 one,or year 65 one.the results should be the same...the point is to draw a time line,it is very helpful]
A=$5102.75
B) all right let assume each deposti is B amount.
future value of the 30 deposit at the end of year 30 FV(30)=B*((1.08^30)-1)/0.08
plus the deposit at year 0.FV(30')=50000*1.08^31= [ be carefore,there are 31 years between the end of year 30 and the begining of year 0].
from question A) we already know that the amount she need at the end of year 30 to meet the next 35 withdraws.which is 578055.6868=FV(30)+FV(30')
B=$306.07
C) lets assume each deposit is C amount.
FV(30)=C*((1.08^25)-1)/0.08
from question A we got the total amount she will use after retirement at year 30 is 578055.6868=FV(30)
C=$7907.10
D) do the question again but this time use interest 5%
ps...calculate again using casio fx82.im not using casio,just the calculator installed in the computer...maybe there are some calsulatino mistakes.be carefore

非常详细的说明和计算过程，因为考试要考到类似相关题目，所以需要详解使自己先解你那第一个利率互换的问题：由于A在固定利率上发行债券的优势是11.65%