The Mathematics of Money

322 Chapter 7 Retirement Plans Dan has just retired and he has $743,500 in his 401(k) account. He plans to take equal monthly p ...

Copyright © 2008, The McGraw-Hill Companies, Inc. dresser drawer, planning to treat yourself to a candy bar in 40 years, when th ...

324 Chapter 7 Retirement Plans The inflation rate we used in this example is slightly higher than the long-term average, so this ...

Copyright © 2008, The McGraw-Hill Companies, Inc. at the same rate as inflation. If you contribute $50.00 per week this year, an ...

326 Chapter 7 Retirement Plans Projections Assuming Payments Change at a Different Rate than Inflation We assumed above that you ...

Copyright © 2008, The McGraw-Hill Companies, Inc. This is actually close to the target future value, but a bit short. Trying dif ...

Suppose that I want to have $700,000 in today’s dollars in my newly opened IRA when I retire in 36 years. Assume that my invest ...

Using what she learned from studying this book, Vanessa made a projection of what future value she would need to retire comfort ...

330 CHAPTER 7 SUMMARY Topic Key Ideas, Formulas, and Techniques Examples Defi ned Benefi t Plans, p. 307 • The benefi ts paid un ...

Copyright © 2008, The McGraw-Hill Companies, Inc. Topic Key Ideas, Formulas, and Techniques Examples Projections with Infl ation ...

332 Mathematics of Pricing “This planet has—or rather had—a problem, which was this: most of the people living on it were unhapp ...

Copyright © 2008, The McGraw-Hill Companies, Inc. In this chapter, we will follow a convention that the price a business pays fo ...

A word of caution is in order here, because it would have been very easy to have made a big mistake in Example 8.1.2. When using ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 8.1 Markup and Markdown 335 We can make things even a bit simpler, just as we ...

336 Chapter 8 Mathematics of Pricing Example 8.1.6 At the end of the summer, a backyard play set that usually sells for $599.95 ...

Copyright © 2008, The McGraw-Hill Companies, Inc. 8.1 Markup and Markdown 337 Why didn’t things work out here as “common sense” ...

EXERCISES 8.1 When the fi nal answer is a percent, round to two decimal places if necessary. A. Markup Based on Cost Complete t ...

Complete the following table by fi lling in the markup amount and percent based on the given costs and retail prices. Item Cos ...

Complete the following table by fi lling in the markdown amount and percent based on the given original and marked-down prices. ...

Copyright © 2008, The McGraw-Hill Companies, Inc. Exercises 8.1 341 Thanks to conservation measures, Cattarauqua Ginseng Enterp ...