Joya just finished university and she found a job, she is 24 years old. she...
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Accounting
Joya just finished university and she found a job, she is 24 years old.
she is planning her retirement at age end of 64.
she has in the bank now a saving account of USD 12000.
she is planning to save USD 150 per month from now till her retirement
she will get her retirement pension fund (ta3wid) of USD 100000 eight months after her retirement.
a- calculate the money she will accumulate at the end of age 64?
b- if she plans to finance her life expenses until end of age 84 years (money to be available at beginning of each year); how much can she afford to spend per year?
3.75% interest
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