You Would Like to Have Enough Money Saved to Receive

question 73

Multiple Choice

You would like to have enough money saved to receive an $80,000 per year perpetuity after retirement.How much would you need to have saved in your retirement fund to achieve this goal? (Assume that the perpetuity payments start on the day of your retirement.The annual interest rate is 10%.)

• A)$1,500,000
• B)$880,000
• C)$800,000
• D)$80,000

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Definitions:

Adaptive IHRM

Refers to the flexible strategies employed in international human resource management that allow adaptation to the diverse needs of employees across different countries.

Local Laws

Regulations and legal requirements that are specific to a particular geographic area or jurisdiction.

Global Managers

Executives or managers who possess the knowledge, skills, and sensitivity required to effectively manage and lead organizations in the global marketplace.

On-the-job Training

Training delivered to employees while they are performing their regular job duties, allowing them to learn by doing with real-time feedback.