Determining the amount of investment

Assignment Help Civil Engineering
Reference no: EM1383462

In order to have money available for replacing their family vehicle, a couple plans to have $38,000 available 5 years from now by investing in a global mutual fund. If they plan to increase their savings by 5% each year, how much must they invest in the first year given that they expect to earn 4% per year on their investment?

Reference no: EM1383462

Questions Cloud

Municipal utility-considering two large-scale conduits : A big municipal utility district is considering two large-scale conduits. The first includes construction of a steel pipeline at a cost of $200 million.
Clerical employees who process insurance application forms : A firm has a large pool of clerical employees who process insurance application forms. When the firm hires a new clerical employee, it takes that person about 48 minutes to process a form.
The manager of the burger doodle restaurant believes : The manager of the Burger Doodle restaurant believes the time to fill orders at the drive-through window is too long. She suspects that the window cashier spends too much time making change,
What is the total cost with the discount : Happy Pet would have to buy shipments of 3,000 at a time. Should Happy Pet use the new supplier and take this discount for quantity buying
Determining the amount of investment : If they plan to increase their savings by 5% each year, how much must they invest in the first year given that they expect to earn 4% per year on their investment?
Work at stinson shipping was getting extremely hectic : Work at Stinson Shipping was getting extremely hectic. Tom Murphy, the loading dock manager, looked over the list of shipping documents that he needed to process and marveled at the increase in business over the past three months
Environmental soil cleaning company : How much money should an environmental soil cleaning company borrow to finance a site reclamation project if it expects revenue of $140,000 in the first year increasing by 3% per year over the 5-year cleanup period? The interest rate is 8%.
Assuming that the probability of a customer waiting mores : In a call center, the waiting time for a customer is normally distributed with an average of 65 seconds and a variance of 25 seconds. Assuming that the probability of a customer waiting more than
Waterline of center of gravity : The ship has a total weight of 155,000 tons, length = 1,600 feet and a beam = 150 feet (assume that it is the shape of a rectangular box). Calculate the height above the waterline of its center of Gravity (G).

Reviews

Write a Review

Civil Engineering Questions & Answers

  Engineering ethics and ethical issue

what is the engineering ethics course where to write about any engineering ethical case and discuss the ethical issue?

  Engineering ethics and concept and cases

what is the engineering ethics case related to civil engineering with reference and discuss all the engineering ethics issues which covered the "Engineering etics concepte and cases?

  Transportation and management

In the construction management, there is a lot of procurement route that are necessary and suitable for the construction industry.

  Supporting Investment Promotion: ERNST & YOUNG

Ernst & young is currently providing support to various sectors. In this regards it was felt that if this report is able to document good practices currently being adopted or planned in ceramic sector.

  Personalized Cancer Therapy-A step forward

Cancer is the uncontrolled growth of abnormal cells in the body resulting in tumours that can be benign or malignant (cancerous cells). A proper treatment is necessary to fight with this serious disease.

  Discuss the different environmental companies

Discuss the different agencies, institutes, centers, different environmental companies that are active in UAE.

  Develop a simple urban constructed wetland design

Develop a simple urban constructed wetland design.

  Evaluate company performance in relation to GRI standards

Evaluate company performance in relation to GRI standards and comment on Stigler's theory.

  Water system design

Determine the corresponding error in the computed discharge

  Hydraulic behaviour in open channel

Describe how test flumes and associated equipment are used to assess and confirm hydraulic behaviour in open channel

  Write a paper on steel sustainability

Write a paper on steel sustainability.

  Writing case study about bridge collapse

Writing case study about bridge collapse

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd