User Account

All Pages

Fund her education at that time

Assignment Help Finance Basics
Reference no: EM131360276

Your daughter is currently 12 years old. You anticipate that she will be going to college in 6 years. You would like to have $125,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 11% per year, how much money do you need to put into the account today to ensure that you will have $125,000 in 6 years?

Reference no: EM131360276

Questions Cloud

Calculate the maximum bending stresses in tension : Calculate the maximum bending stresses in tension and compression when the lintel carries a total uniformly distributed load of 10,000 lb on a simple span of 6 ft.
What is the balance in the account : a. What is the balance in the account after 2years? How much of this balance corresponds to"interest on interest"? b. What is the balance in the account after 31 years? How much of this balance corresponds to "interest on interest"?
Calculate the maximum allowable simple span length : Calculate the maximum allowable simple span length. Use full nominal dimensions and neglect the weight of the plank.
Discuss the ethical implications of group counseling : Read and study the ACA Code of Ethics and Standards of Practice and the ethical code that is most relevant for your career and the ethical code for your certification or license. List the codes chosen and cite how they are relevant to your career ..
Fund her education at that time : Your daughter is currently 12 years old. You anticipate that she will be going to college in 6 years. You would like to have $125,000 in a savings account to fund her education at that time.
Calculate the maximum bending stress in the beam : Calculate the maximum allowable load P that can be applied at the free end.- Calculate the maximum bending stress in the beam.
Derive the closed-form expression for the complete response : List the values of the complete response y(n) at n = 0, 1, 2, 3, 4, 5. Deduce the expressions for the transient and steady-state responses of the system.
Unique investment opportunity : You have been offered a unique investment opportunity. If you invest 15,000today, you will receive $750 one year from now,$2,250two years from now, and $15,000ten years from now.
Unique lens regarding the global threat scape : This week we are going to look at illicit finance through a unique lens regarding the global threat scape's confluence with specific learning environment. Recently the library gained the rights to a new database by the International Institute for..

Reviews

Write a Review

Finance Basics Questions & Answers

  What will the price per share be four years from today

Again, assume the company undertakes the investment. What will the price per share be four years from today? (Do not Price per share $

  Financial ratio analysis is conducted by managers equity

financial ratio analysis is conducted by managers equity investors long-term creditors and short-term creditors. what

  Question 1 two friends joe and bill both have carpentry

question 1 two friends joe and bill both have carpentry skills and decide to go into business as partners together

  What will be the current value of a single share

Spacefood products will pay a dividend of $2.40 per share this year. It is expected that this dividend will grow by 3% per year each year in the future. What will be the current value of a single share of Spacefood's stock if the firm's equity cos..

  Determine daily net revenue

Stanley Furniture produces two types of china cabinets, First Provincial and Deluxe Modern. Each cabinet goes through three departments: carpentry, painting and finishing.

  Which statement regarding dividends is

which statement regarding dividends is false?a. dividends represent a sharing of corporate profits with owners.b. both

  What is the expected return of fund q

Would you expect the standard deviation of Fund q be less than 15%, equal to 15% or greater than 15%?

  Beaver construction purchases new equipment for 33000 cash

beaver construction purchases new equipment for 33000 cash on april 1 2012. at the time of purchase the equipment is

  Positive financial leverage indicates positive cash flow

positive financial leverage indicatesa. positive cash flow from financing activities.b. a debt-to-equity ratio higher

  Estimate the unlevered beta for time warner

2.It is 1996 (humor me). Time Warner Inc., has a beta of 1.75. Part of the reason for the high beta is the debt left over from the leveraged buyout of Time by Warner in 1989 with debt amounting to $10 billion in 1995. The market value of equity was a..

  Financial and managerial accounting

Identify some of the major differences between the fields of financial and managerial accounting. Compare and contrast these differences in terms of usefulness to managers for decision making. How do organizations cope with managers who have littl..

  How well did your hedge perform

Assume that interest rates in general increase by 200 basis points. How well did your hedge perform? c. What is a perfect hedge? Are any real-world hedges perfect? Explain.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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