Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 431 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 28 Sep 2017 My Price 4.00

Social Security system

It is estimated that you will pay about $80,000 into the Social Security system (FICA) over your 40-year work span. For simplicity, assume this is an annuity of $2,000 per year, starting with your 26th birthday and continuing through your 65th birthday.

 

a. What is the future equivalent worth of your Social Security savings when you retire at age 65 if the government’s interest rate is 6% per year?

b. What annual withdrawal can you make if you expect to live 20 years in retirement? Let i = 6% per year.

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Sep 2017 11:09 PM My Price 4.00

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