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Growing Perpetuities Mark Weinstein has been working on advanced technology in laser eye surgery. His technology will be available in the near term. He anticipates his first annual cash flow from the technology to be $210,000, received three years from today. Subsequent annual cash flows will grow at 3 percent, in perpetuity. What is the present value of the technology if the discount rate is 12 percent?

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1. You are planning to save for retirement over the next 28 years. To do this, you will invest $7000 a year in a stock account and $3000 a year in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 8 percent. When you retire, you will combine your money into an account with a 9 percent return. How much can you withdraw each year from your account assuming a 25-year withdrawal period?

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please answer all questions and Thank you !

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