Would anyone know how to solve these finance questions? PV = C/r PV= C/r-g P= D/r-g 1st: Tom is 30 years old…
Would anyone know how to solve these finance questions? PV = C/r PV= C/r-g P= D/r-g 1st: Tom is 30 years old today. His salary next year will be $20,000. He forecasts salary growth of 5%/year and plans to retire at 60. 1) If the discount rate is 8%, what is the PV of his future salary receipts? 2) He plans to save 5% of his salary […]