+1-415-670-9189
info@expertsmind.com
How much money do you need to take out each year
Course:- Finance Basics
Reference No.:- EM13298420





Assignment Help >> Finance Basics

If you have 2 million dollars in an account that earns 9% interest compounded continuously and in 30 years you want your account to be empty, how much money do you need to take out each year? (taking the same amount out each year)




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
A firm is planning the replacement of an existing machine with a newer model. The old machine was purchased five years ago. At that time, its cost was $7,500 and it was expect
A random sample of 13 adult women is selected. Use the binomial probabilities table or technology to find the probability of the number of women in this sample of 13 who had
CFL's have become more popular in recent years but do they make financial sense? Suppose a typical 60 watt light bulb cost $0.44 and last for 1,000 hours. A 15 watt CFL which
For the corporation that operates internationally, briefly evaluate its international business-level strategy and international corporate-level strategy and make recommendat
You were recently hired by Nast Media Inc. to estimate its cost of capital. You were provided with the following data: D1 = $2.00; P0 = $55.00; g = 8.00% (constant); and F = 5
David Garrard just signed a contract with the Jacksonville Jaguars professional football team worth $60,000,000.00 over 7 years (Assume equal payments). What is the present
Projecting Retirement Funding. When estimating the future value of a retirement investment, what factors will affect the amount of funds available to you at retirement? Expl
1. You are an executive working for Blood Diamonds Limited. Your company has an option to explore a field for diamonds. If you find the diamonds, the profit for your company