Annuity Project: Where will you spend your last chapter of your life?

This is an INDIVIDUAL PROJECT. Very similar work will get ZERO. Submit your answer in MS WORD.

Where will you spend the last part of your life?

Pick a country Where you would like to spend the last 10 years of your life, assume:

- you will be in good/ reasonable health

- any money you have saved will be running 6% compounded monthly

Answer the questions below and show calculations when needed to clearly explain

a)Say which place in the world you would like to live the last 10 years of your lifeand clearly explain why you chose this place (say what city and what country)

b) Show a simple list of costs (estimate) that gives how much it will cost to live every month if you have no health problems

c) Calculate and share how much money you will needsaved at the beginning(PV)of the last 10 years to have a monthly payment/annuitythat will cover these costsuntil you die(10 years).

Answer rating: 100% (QA)

Certainly Lets break down the calculations and explanations for each part of the project a Choice of ... View the full answer