Retirement Planning

Chapter 7
Retirement Planning

Current Age27
working(a) Experience ( social classs)5
Age Graduated 22

Current Annual lucre$70,000.00
Growth rate5%

Voluntary Retirement savings Program
Employee plowshare11%
P/S: inference from gross salary
Maximum contribution per year$12,000.00

forthcoming Expenses
Wedding Plans
Time (Months)12
Cost (Current)$15,000.00

Down Payment (House)20%
House Price (Current)$250,000.00
Time purchasing the house (Years)5


jump Annual remuneration $54,846.83
FV = PV ( 1+r )^n

office to voluntary savings in first year of employment$6,033.15

Nominal Rate of Interest7%

YearSalaryContributionAccumulated ContributionInterest
1$54,846.83 $6,033.15--
2$57,589.17 $6,334.81$6,033.15$422.32
3$60,468.63 $6,651.55$12,790.28$895.32
4$63,492.06 $6,984.13$20,337.15$1,423.60
5$66,666.67 $7,333.33$28,744.88$2,012.14

Return in common stocks

deepenYearContributionAccumulated ContributionInterest nub Contribution
A.P.R. (Daily)12.75%1$6,033.15 --$6,033.15
2$6,334.81 $6,033.15$807.53$13,175.49
3$6,651.55 $13,175.49$1,679.54$21,506.58
4$6,984.13 $21,506.58$2,741.54$31,232.25
5$7,333.33 $31,232.25$3,981.



32$42,546.90

A.P.R. (Monthly)12.68%YearContributionAccumulated ContributionInterestTotal Contribution
1$6,033.15 --$6,033.15
2$6,334.81 $6,033.15$803.41$13,171.37
3$6,651.55 $13,171.37$1,670.46$21,493.38
4$6,984.13 $21,493.38$2,725.90$31,203.41
5$7,333.33 $31,203.41$3,957.37$42,494.11

A.P.R. (Annually)12.00%YearContributionAccumulated ContributionInterestTotal Contribution
1$6,033.15 --$6,033.15
2$6,334.81 $6,033.15$723.98$13,091.94
3$6,651.55 $13,175.49$1,581.06$21,408.10
4$6,984.13 $20,674.94$2,480.99$30,140.06
5$7,333.33 $28,549.37$3,425.92$39,308.62

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