From Patreon memberships and model contracts the influencer earns on average 3300€ per month. He is investing the money each month in a stock market fund (at the end of each month) that yields on average a return of 5.2% per year. He wants to stop his Social Media career in 25 years.

1. a)   How much money has he saved by the end of his career?

2. b) Assume he wants to be paid an indefinite pension (by the beginning of each month)

   from accrued money. How much would he get if the interest rate would change to 3.8%?

3. c) Assuming that he does not plan for an indefinite time horizon but for a time horizon of just 45 years and wants to use up all his money in his time period. How much money would

   he get per month if the interest rate still is at 3.8%?

Answer rating: 100% (QA)

a If the influencer saves 3300 per month at the end of his career he will have saved 10320... View the full answer