Case Study 1 Funding Jill Moran’s Retirement Annuity Sunrise Industries wishes to accumulate funds to provide a retirement annuity for its vice president of research‚ Jill Moran. Ms. Moran‚ by contract‚ will retire at the end of exactly 12 years. Upon retirement‚ she is entitled to receive an annual end-of-year payment of $42‚000 for exactly 20 years. If she dies prior to the end of the 20-year period‚ the annual payments will pass to her heirs. During the 12-year “accumulation period‚” Sunrise
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International Monetary Fund Headquarters Washington‚ D.C.‚ USA Managing Director Dominique Strauss-Kahn Central Bank of Currency ISO 4217 Code XDR Base borrowing rate 3.49% for SDRs Website www.imf.org History The International Monetary Fund was conceived in July 1946 during the United Nations Monetary and Financial Conference. The representatives of 45 governments met in the Mount Washington Hotel in the area of Bretton Woods‚ New Hampshire‚ United States‚ with the delegates
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A Study in the Nuances of Communications Antiques Roadshow Antiques Roadshow is a display of the non-verbal and verbal cues present in professional communication. Non-verbal cues include use of gestures and eye contact whilst a verbal cue includes the use of language. Certain elements overlap in both categories. These include the specific manner in which the expert relates to the owner‚ shift of power‚ manner in which the item is held and discussed and levels of courtesy expressed. Specific
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Annuities An annuity is a financial product sold by financial institutions that is designed to accept and grow funds from an individual and then payout a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years. A fixed sum of money paid to someone each year‚ typically for the rest of their life. Annuities are a popular choice for investors who want to receive a steady
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Basic Formulas: Present value interest factor of an annuity‚ PVIFA(k‚n) = [ 1 – ( 1 + k )-n ] / k Present value interest factor of a perpetuity‚ PVIFA(k; ∞) = 1 / k Future value interest factor of an annuity‚ FVIFA(k‚n) = [ ( 1 + k )n –1 ] / k Annuities Due‚ payments at start of period‚ PVIFADue(k‚n) = PVIFA(k‚n) * ( 1 + k ) FVIFADue(k‚n) = FVIFA(k‚n) * ( 1 + k ) Where: k is the effective discount rate
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ANNUITY DUE An annuity for which the periodic payments are made at the beginning of each payment interval. The term of an annuity due begins on the date of the first payment interval after the last payment is made. FUTURE VALUE OF ANNUITY DUE 1. Using the Annuity Table * Uses the same table as ordinary annuities but with some modifications. Example : Ferdie Gonzales deposited P6‚000 at the beginning of each month‚ for 2 years at his credit union. If the
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If Jill’s Table decides against an eCommerce strategy‚ Jill can continue to build strong‚ tight-knit customer relationships and experiences like in the past‚ that have been critical success factors. This also means that the stores marketing will have a clear‚ strong‚ and central strategy focusing on one type of consumer. However‚ it is an increasing consumer trend to shop online. This means that there is an untapped‚ international market Jill could be missing out on with no online market presence
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Dear Diary‚ It was Dill’s last night with us this summer‚ Dill noticed Mr. Avery on his front porch. Dill and I said to Scout that we were going to peep in the Radley’s window to see if we could get a look at Boo. We said that if Scout didn’t want to go with us‚ then Scout could go straight home and keep her mouth shut about it. I said‚ “Scout‚ I’m telling you for the last time‚ shut your trap or go home – I declare to the Lord you’re gettin’ more like a girl every day!” So‚ Scout joined us.
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Retirement Gamble Before enrolling into this class‚ I can honestly say that I have never really thought about retirement plans. Just like a lot of young people‚ I felt as if retirement was so far away that I don’t need to plan yet. That is a very typical answer‚ but I honestly felt at 19 years old I don’t need to start planning and saving yet. I have a financial advisor that my family and I go to and the last meeting I was in‚ he brought up the idea to start thinking about retirement. I brushed
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Prepares Employees for Retirement BY: MOGOMOTSI DINGALO STUDENT NUMBER: 626027 How the African Union Prepares Employees for Retirement . Introduction Upon retirement an ex employee may face uncertainty‚ depression‚ and other challenges such as insufficient income to pay debt owed‚ unpaid children’s school fees and bills and so on. The African Union Commission recently introduced workshop for employees due to retire in order to prepare them for life after retirement. The workshop covered
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