Business, 14.05.2021 04:40 sophiagardens227

Padayappa has now retired after 40 years of employment. He just made an annual deposit to his investment portfolio and realized he has $2,400,000 (not counting home, cars, furniture, etc.). His money has been earning 7 percent per year, and inflation has been running 4 percent per year over the past 40 years. What equal amount of money did he put Into his Investment at the end of each year? $[ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is + -5. What is the buying power of his $2,400,000 in terms of a base 40 years ago? $[ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is + -50. If he could buy a TV 40 years ago for $500, what would a comparable one cost today if the consumer electronics inflation rate is -3 percent? Carry all interim calculations to S decimal places and then round your final answer to the nearest dollar. The tolerance Is + -1.

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Padayappa has now retired after 40 years of employment. He just made an annual deposit to his invest...

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