How old shall we be when we attain our goal

Assignment Help Financial Management
Reference no: EM13849684

We want to become millionaires. Our 10th birthday is today, and our grandparents give us $15,000, which we invest at 5% interest rate. We shall pay for a 4 year bachelor’s from our pocket in 8 years at $30,000 per annum. In year 16, we take a vacation to the Greek islands, and it costs us $20,000. We put aside $3,000 per annum.

How old shall we be when we attain our goal?

Reference no: EM13849684

Questions Cloud

Mortgage loan-how much is the effective annual rate : We receive a mortgage loan for 20 years.. The mortgage rate is 6% per annum. Additionally, the monthly payment we ought to make to the bank to amortize the loan is $2, 500. Fourthly, if we accumulate a lot by year 10(end of the year), how much would ..
Analyze the effect of the therapies : analyze the effect of the therapies
What is your definition of leadership now : Provide an overall concluding discussion of the course which draws together your major observations about leadership as studied during the semester.
Mobility of labour in the asia pacific region : The mobility of labour in the Asia Pacific region and the consequent impact on labour markets and labour conditions in host countries. Use two different countries to exemplify your arguments.
How old shall we be when we attain our goal : We want to become millionaires. Our 10th birthday is today, and our grandparents give us $15,000, which we invest at 5% interest rate. We shall pay for a 4 year bachelor’s from our pocket in 8 years at $30,000 per annum. In year 16, we take a vacatio..
Conduct an ancova and complete a data write up : Conduct an ANCOVA and complete a data write up
Assume that the expected return on the market stays : Suppose that the Treasury bill rate were 6% rather than 4%. Assume that the expected return on the market stays at 10%. Use the betas in Table.
Calculate a combined plane change for second hohmann burn : Calculate a combined plane change for the second Hohmann burn from our problem.Add that to the first Hohmann burn to find the total ?V.
Futures price of commodity-what is the value of contract : The futures price of a commodity such as corn is $1.00. The contracts are for 10,000 bushels, so a contract is worth $10,000. The margin requirement is $1,000 a contract, and the maintenance margin requirement is $600. How much must you initially rem..

Reviews

Write a Review

 

Financial Management Questions & Answers

  Prepare this assignment according to the apa guidelines

choose a research study article of interest to you.1 identify an article that directly references your chosen study and

  Relate to the airlines overall business strategy

Discuss how successful airlines acknowledge different pricing strategies as they relate to the airline's overall business strategy. Provide an example(s). If possible exclude Southwest airlines in your discussion.

  Expect spreads between corporate bonds-treasuries to widen

When the economy goes into a recession, do we expect spreads between corporate bonds and treasuries to widen or contract? Why?

  Staffing-training-recruitment-retention

Select a health care organization (local or national, large or small, public or private) and perform a needs assessment/gap analysis.

  The impact of major eents from the recent financial

The impact of major eents from the recent financial crisis on credit default swaps

  Net present value of a series of cash flows

Which element should NOT be taken into account when determining the net present value of a series of cash flows?:

  Which alternative is better deal

Suppose you are going to buy a car. The cost of car is $24,000. You have $10,000 for down payment. You can borrow the balance of $14,000 from dealership’s finance company at 3% APR, with monthly payment for 36 months or you can borrow from a bank wit..

  What is the present value of his inheritance

His recently departed dear Aunt Annie, may she rest in peace, has left Tom a 6-year annuity paying $4,500 per year. He will receive the first payment 4 years from today. If he is discounting at 7% (EAR), what is the present value of his inheritance?

  Fund his individual retirement account

James plans to fund his individual retirement account, beginning today, with 20 annual deposits of $2,000, which he will continue for the next 20 years. If he can earn an annual compound rate of 8 percent on his deposits, the amount in the account up..

  What is estimate of the fair price of a share of the stock

Company JUK has a ROE of 25% and the company will not pay any dividend for the next 3 years. It is estimated that the company will pay $2 dividend per share after three years and then to level off to 5% per year forever. What is your estimate of the ..

  Firms optimal capital structure calls

Assume that a firm's manager decides to fund its entire investment need this year by issuing $500 million in bonds. After-tax cost of these bonds is 6%. The firm’s optimal capital structure calls for 40% debt and 60% equity. The cost of equity is 16%..

  Find the value today of a perpetual annuity

Find the value today of a perpetual annuity that pays $1.75 per quarter starting on the last day of quarter 15 (the end of the third quarter of the 4th year) assuming an interest rate of 6% a year, compounded quarterly.

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