Page 1 of 1
2. (8 marks) Upon graduating from the MKPD program your new job will provide you with a base salary of $60,000 per year
Posted: Fri Mar 04, 2022 9:44 am
by answerhappygod
- 2 8 Marks Upon Graduating From The Mkpd Program Your New Job Will Provide You With A Base Salary Of 60 000 Per Year 1 (15.95 KiB) Viewed 49 times
2. (8 marks) Upon graduating from the MKPD program your new job will provide you with a base salary of $60,000 per year and the
company will also contribute and additional $500 with every monthly paycheque into a pension. Your required return for all investment is 6% per year. a) (3 Marks) If you plan on leaving this
company in 5 years, how much is this new job worth today? b) (3 Marks) How long will you have to stay at the
company until your pension is worth $50,000? c) (2 Marks) If you were immortal and could stay at the
company forever, how much would your pension be worth today.