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Homework answers / question archive / Dennis is aged 45 and is planning to retire at 65 year of age
Dennis is aged 45 and is planning to retire at 65 year of age.He estimates
that he needs $480,000 to provide for his retirement.His current superannuation fund has a balance of $60,000 and is delivering 7%p.a. compounded quarterly.Find the monthly contributions needed to meet the retirement lump sum target.
(03.01.2006 - 30.12.2011) for the United States and German stock markets. Answer the following questions.
a) Estimate a bivariate VAR and examine wheatear there are lead-lag relationships for the returns of two equity markets. Justify the appropriate lag length for the VAR. [10 marks]
b) Investigate if these markets are causally related. [20 marks]
c) Provide a plot of the variance decompositions and interpret it. Are these results sensitive to an order of variables? [20 marks]
d) Do you think the variance decomposition results are consistent with the causality results? Explain Why? [10 marks]
every birthday since your first(i.e. when you turned one).The account pays an interest rate of 3% per annum.Determine how long did it take for the account to accumulate to a current balance of $23,414.44 and therefore how old are you now.