How much does henry need to save each year

Assignment Help Finance Basics
Reference no: EM13837501

Question:

Henry Hub has 25 years to retirement and expects to spend a further 20 years in retirement (i.e., years 21-45). He lives an extravagent lifestyle and has drawn up a detailed spreadsheet which suggests that he will spent $256,880 a year in real terms in retirement.

If the real interest rate is 3%, how much does Henry need to save each year in real terms until retirement to attain his spending goal?

Reference no: EM13837501

Previous Q& A

  Humanities discussion questions

The architecture of the Greeks and Romans has influenced people for centuries. When the founding fathers of America began to design Washington, DC, how were they influenced by the Greeks and Romans?

  What is the present value of the project

A project is forecast to produce a safe cash flow of $800,000 a year for 20 years. If the cost of capital is 4%, what is the present value of the project?

  Reflections on hs305 research methods in health science

Reflections on HS305 Research Methods in Health Science You are at the end of Research Methods in Health Science. Congratulations! I hope you are proud of the mock research proposal you have created. In this discussion, take some time to reflect on t..

  The change analysis-images of change

The "Images" section focuses on the six different images of managing change and how each "approach" to change effects all that follows in its implementation and continued support. Download the "Week 2 Project Images Grid" from doc-sharing.

  The male and female reproductive systems

The male and female reproductive systems are controlled by hormones and feedback systems.  Identify and discuss one feedback system from either sex and identify the hormones and structures/organs involved.

  Psychoneuroimmunology

1. There are four (4) types of bone marrow transplants listed in your textbook. List each type of transplant, define the word parts, and provide a definition of the term.

  Discuss the importance of organizational culture

Discuss the importance of organizational culture

  Write a job description for a business analyst

Develop a screen design for two MUST stories created in Task 10 and identify any business rules; justify your design. Write all acceptance criteria for these two stories to be done. Write a Job Description for a Business Analyst.

  Top employer ratings for compensation and benefits

Prepare a chart listing at least 10 of the employers, their ranking on the list, and the compensation or benefit that was cited as a reason for being a top employer.

  X and y are separated by a semi-permeable membrane

X and Y are separated by a semi-permeable membrane that is permeable to K+ ions and water but not to Na+ and Cl- ions. At equilibrium, which of the following statement(S) is (are) correct? A) Compartment X will be negatively charged

Reviews

Write a Review

 

Similar Q& A

  Computation of discount rate for security payout

A securities provide a payout of $30,000 each year for 6 years. Suppose first amount comes in one year. What is the sale value of the security if the discount rate is 7%?

  What happens to the value of the diversified portfolio

What happens to the value of the diversified portfolio if the first two investments are both a total loss?

  Suppose a company will issue new 20-year debt with a par

cthe correct answer for this question is 5.57. i need to know how that answer was

  Mary has been working for a university for almost 25 years

1.mary has been working for a university for almost 25 years and is now approaching retirement. she wants to address

  Aspects of change management

As you think about potential change efforts that you may have to manage in the future, what aspects of change management do you think you need to strengthen and why? What aspects do you believe will be strengths that you can leverage?

  Capm is one of the more popular models for determining the

1.find the current dividend on a stock given that the required return is 9 percent the dividend growth rate is 6

  Will an exclusion result in partial recovery

Will an exclusion result in partial recovery? Illustrate your answer to the previous two questions with examples from the HO.

  China rmb currency

What should be my research approach? What are the advantage and disadvantages of such approach? What should be my research philosophy? What are the advantage and disadvantages of such philosophy?

  What is most likely total of long-term debt equity capital

If the firm follows a maturity matching (or moderate) working capital financing policy, what is the most likely total of long-term debt plus equity capital? Please show your calculations.

  What is your total dollar return on this investment

Six months ago, you purchased 1,900 shares of ABC stock for $25.24 a share. You have received dividend payments equal to $0.40 a share. Today, you sold all of your shares for $27.52 a share. What is your total dollar return on this investment?

  What is uare''s net income

If UARE, Inc. has sales of 11,300, total assets of 12000, a debt to equity ratio of 1.3 and a return on equity of 15 percent, what is UARE's net income?

  Evaluate what the cost of the house would be if smiths use

mrs. smith and her husband george are planning their retirement and their dream house on the lake.nbsp the lot for the

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