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[answered] Lucinda is currently thirty years old and she plans to reti


Lucinda is currently thirty years old and she plans to retire at age sixty (30 more years to work). She is expected to live to age eighty-five (25 years of retirement). Her labor income is $45,000 per year and she intends to maintain a constant level of real consumption spending over the next fifty-five years. Assuming a real interest rate of 4% per year, no taxes, and no growth in real labor income, what is the value of Lucinda's human capital?????????????????????????????????????????????????????


Payments per quarter ($)

 

Growth rate of payments

 

Opportunity cost of capital annually

 

Opportunity cost of capital quarterly

 

Value of a security today ($) 1000

 

1%

 

12%

 

3%

 

50500

 


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