Thein the polet points and the requirements are 1A, 1B, and 1C. A is matlab...

80.2K

Verified Solution

Question

Accounting

imageThein the polet points and the requirements are 1A, 1B, and 1C. A is matlab coding

The average entry level salary for a mechanical engineer is $70,000; civil engineer is $60,000; and electrical engineer is $65,000 The estimated amount of money needed to retire comfortably for a recent college graduate is $1,500,000 The average conservative interest earned on retirement accounts is 5.00% Determine what age you will retire and calculate the number of years you will save for retirement, II (30Shs 45 years) 6.00 % of your annual salary is deposited at the end of each year in a secured retirement account that earns annual interest. The formula relating future worth F, first annual deposit A, number of years interest rate i (express as a decimal), and the uniform rate of cash flow increase from period to period, the geometric gradient & (express as a decimal: this is your annual raise) is: (1-(1 + g)'(1 + i) 16+i)" where :g #i F = 4 1A) Use Matlab to graph the function and find the annual raise (hint find x). you must earn based on your discipline's entry level salary in order to retire comfortably, to a value of es corresponding to 5 significant figures up to a maximum of 100 iterations using each root finding method: Bisection, False Position, Newton-Raphson, & Secant 1B) You receive a job offer from a company that offers a 50% match to the retirement account deposit (e. 1.50 6.00%) as a part of their benefit package. Use Matlab to graph the function and find the annual raise, you must earn in order to retire comfortably, to a value of es corresponding to 5 significant figures up to a maximum of 100 iterations using each root finding method: Bisection, False Position, Newton-Raphson, & Secant. 1C) Explain your procedure and comment on each method. Is it possible for you to earn annual raises that will allow you to retire comfortably? Justify and explain your answer. The average entry level salary for a mechanical engineer is $70,000; civil engineer is $60,000; and electrical engineer is $65,000 The estimated amount of money needed to retire comfortably for a recent college graduate is $1,500,000 The average conservative interest earned on retirement accounts is 5.00% Determine what age you will retire and calculate the number of years you will save for retirement, II (30Shs 45 years) 6.00 % of your annual salary is deposited at the end of each year in a secured retirement account that earns annual interest. The formula relating future worth F, first annual deposit A, number of years interest rate i (express as a decimal), and the uniform rate of cash flow increase from period to period, the geometric gradient & (express as a decimal: this is your annual raise) is: (1-(1 + g)'(1 + i) 16+i)" where :g #i F = 4 1A) Use Matlab to graph the function and find the annual raise (hint find x). you must earn based on your discipline's entry level salary in order to retire comfortably, to a value of es corresponding to 5 significant figures up to a maximum of 100 iterations using each root finding method: Bisection, False Position, Newton-Raphson, & Secant 1B) You receive a job offer from a company that offers a 50% match to the retirement account deposit (e. 1.50 6.00%) as a part of their benefit package. Use Matlab to graph the function and find the annual raise, you must earn in order to retire comfortably, to a value of es corresponding to 5 significant figures up to a maximum of 100 iterations using each root finding method: Bisection, False Position, Newton-Raphson, & Secant. 1C) Explain your procedure and comment on each method. Is it possible for you to earn annual raises that will allow you to retire comfortably? Justify and explain your

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students