求解答financial management 的题目jack has accumulated savings of 180000,conservatively invested, the investments are yielding 9 percen interest. He also has 12000 in a saving account at 5 percent interest.He also receive 750 per month in social

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求解答financial management 的题目jack has accumulated savings of 180000,conservatively invested, the investments are yielding 9 percen interest. He also has 12000 in a saving account at 5 percent interest.He also receive 750 per month in social

求解答financial management 的题目jack has accumulated savings of 180000,conservatively invested, the investments are yielding 9 percen interest. He also has 12000 in a saving account at 5 percent interest.He also receive 750 per month in social
求解答financial management 的题目
jack has accumulated savings of 180000,conservatively invested, the investments are yielding 9 percen interest. He also has 12000 in a saving account at 5 percent interest.He also receive 750 per month in social security payments for the rest of his life. the payment are indexed for inflation. they will be automatically increased in proportion to changes in the cpi.
Suppose JACK will live for 20 more years and is willing to use up all of hisinvestment porfolio over that period. he also wants his monthly spending to increase along with inflation over the period.
Inflation rate will continues to yield a 4percen, and investment porfolio to yield a 9pecent.
Q1: How much can jack spend each year? Ignore inflation
Q2: How much is the total real income per year?
Q3: How much will Jack's income and expenditure be in 15 years.

求解答financial management 的题目jack has accumulated savings of 180000,conservatively invested, the investments are yielding 9 percen interest. He also has 12000 in a saving account at 5 percent interest.He also receive 750 per month in social
题目太长 直接用中文吧
因为security的income是indexed to CPI的
所以求解时可以先放到一边
如果我们设投资者先用saving account的钱(因为收益率较低)
则需要讨论12000这笔钱的折现率(是都按一年折现还是分几次折现) 故我们要算出第一年消费是否大于12000
假设第1年正好消费12000
则real消费为12000/1.05 (折现到初期 按saving account折现)
第2年到第20年每年nominal消费为12000/1.05*(1.04)^n/1.09^n
加总得到的结果是142640