ADMS 3541 Study Guide - Final Guide: Student Loan, Mastercard, Pension

• School: York University
• Department: Administrative Studies
• Course: ADMS 3541
• Professor: Kwok Ho

Document Summary

Due in beginning of class: oct. 8 (section a); oct. 9 (section b). She should give susan the same value in real dollars, which means inflating the goal by 2% p. a. Allocate ,525 to randy for five years and to. Then make up the rest of the savings in the last three years. (6 marks) He expects that promotions will raise his salary by 10% at year-end for each of the next four years. That means that he expects his salary will rise to. ,000 for the second year, and so on. At the end of the fifth year he expects a big promotion that will raise his salary by 30%. For the 20 years after that he expects only to get raises at the rate of inflation, often called cola (for cost of living adjustment). His savings program is to save 5% of his salary every year.