Problem 3(3): The soccer player Messi is estimated to have earned $127mil. in 2019. He currently is 32 years old. Suppose that he will be able to play professionally for another 5 years, and then he retires and will make $1 of income from then on for 40 years.  Within the next 5 years, his income will decline by 2% per year. What is the present value of Messi’s stream of future salaries, if the annual interest rate is 2%?

If John wants to retire with $10,000 per month, how much principal is necessary to generate this amount of monthly income if the interest rate is 8%?t $ Read It Need Help?

You just received $225,000 from an insurance settlement. You have decided to set this money aside and invest it for your retirement. Currently, your goal is to retire 25 years from today. How much more will you have in your account on the day you retire if you can earn an average return of 10.5 percent rather than just 8 percent?

1. You want to have an income of $50,000 per year in retirement, and you think you will be alive for 30 years in retirement. How much do you need to have invested the day you retire, in real dollars, assuming a 3% real rate of return?

You have 30 years left until retirement and want to retire with $2.6 million. Your salary is paid annually, and you will receive $76,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn a return of 9 percent on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Perentage of Salary:______________

Baghiben

Carlo Aldric wants to have P40,000 per year for 15 years during his retirement. What amount would you need to have invested at retirement to reach this goal if you could invest your money and receive a 5 percent return?

You have a financial goal to reach: $1,000,000 when you retire. You are currently 20 years old and you plan to retire at 60yrs old If you can earn 15% return on your retirement account, How much do you need to invest today?