Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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After one year of employment, Hasan has joined his company's pensionplan. He estimates he will retire in 35 years, and will be retired for a total of 25 years. During his retirement, he will need S50, 000 at the beginning of each year. At a discount rate of 4%, compounded quarterly, what should be his savings goal?
a. S807, 655
b. S963, 258
c. S2, 184,431
d . S3, 878, 614
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