Rod is 40 years old and plans on retiring at age 62 and living until age 90. assume that he currently earns $110,000 and his wage replacement ratio is 72 percent. social security will provide $20,000 (in today's dollars) in retirement benefits per year. inflation is expected to be 3 percent and rod can earn 6 percent return on his investments. find the amount rod will need to have saved by day one of retirement.

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?