Moran's retirement annuity would be in perpetuity, with all other terms as equal (Ceteris Paribus), this is to mean that there is not a 20-year period till maturity. Additionally, as there is not a 20-year distribution period, the company will move the funds over to another interest bearing account at 12% yet not expect to have an account balance of $0 at the end of the term.
Generally speaking, actuaries will claim that a perpetuity will be planned for the client to payout its obligations via annuitized payments until the client age of 98 years old. Ms. Moran's current age is unclear, and we only know that her retirement annuity stream would last for 20 years. If she is 50 and retires in 12 years at 62, then her 20-year annuity stream would run out at 82 years old, with the perpetuity having to extend to cover an additional 16 years.
The aggregate amount that must be placed into deposit will be less when considering the annuity will be less when considering the payments from the annuity will be made over a longer period. The $840,000 will be paid out over 36 years instead of 20 years as figured on the case of the vice president of research, Ms. Jill Moran. The annual payment must equal $23,333.33 and at 9% does equal $2,100.00 per annum, which makes the deposit amount, $21,233.33.
Question 2: Given your understanding of cash flow,...
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