Business Finance - Accounting TVM Assignment
Time Value of Money Calculations Summary Sheet
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Name |
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Your Current Age |
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Sex/Gender (Male, Female, Other) |
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Your Desired Age of Retirement |
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Life Expectancy |
90 |
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Annual Retirement Income Desired (in Today’s Dollars) |
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Number of Years Until Retirement |
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Length of Retirement (in Years) |
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ASSUMPTIONS:
Zero current savings, no tax implications, 1% Management Fee Use BALANCED GROWTH % allocations mandate from Investor Profile to calculate NRR and RRR
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Asset Allocation (%) |
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Nominal Rate of Return After Fees (%) |
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Canadian Equities |
U.S. Equities |
Foreign Developed Equities |
Emerging Market Equities |
Fixed Income Securities |
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Real Rate of Return After Fees (%) |
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Inflation Rate (%) |
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ANSWER PAGE
NRR= RRR=
Calculate future value of the income requirement given the expected inflation rate?
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MODE |
P/Y |
C/Y |
N |
I/Y |
PV |
PMT |
FV |
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Calculate (PV) savings required on first day of retirement to fund annual retirement income with monthly interest compounding of the Real rate of return.?
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MODE |
P/Y |
C/Y |
N |
I/Y |
PMT |
FV |
PV |
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Calculate monthly savings required to fund retirement goal where compounding is monthly if the nominal rate of return?
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MODE |
P/Y |
C/Y |
N |
I/Y |
PV |
FV |
PMT |
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I will need to save per month to reach my retirement goal.