Receive an inheritance, If you receive an inheritance of

Receive an inheritance

Assignment Help Business Economics

Reference no: EM13798676

If you receive an inheritance of $10,000 today, how long do you have to invest it at 8% per year to be able to withdraw $2,000 every year forever? Assume the 8% per year is a return that you can depend on forever.

Reference no: EM13798676

Questions Cloud

Nominal exchange rate of us dollar depreciates : What is happening to the US trade balance in each of the following situations? Explain. a. Lower international trade barriers for imported products in the US b. Prices in the US decreases more than prices abroad c. Economic improvement starts in Cana..

What is happening to the us real exchange rate : What is happening to the US real exchange rate in each of the following situations? Explain.

Does the money supply increase more or less : You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..

Cost-benefit analysis of a waste water treatment project : Cost-Benefit Analysis of a Waste water Treatment Project Before you start working on this problem you need to develop some parameters (numbers). The City of Bintuli is a thriving center of commerce and industry in the Republic of Kabastan. The main i..

Receive an inheritance : If you receive an inheritance of $10,000 today, how long do you have to invest it at 8% per year to be able to withdraw $2,000 every year forever? Assume the 8% per year is a return that you can depend on forever.

Justifications for government intervention in the economy : What are the four reasons or justifications for government intervention in the economy? Describe two in details, providing an example of each.

Research the organizations to identify : Identify at least two professional organizations in a chosen field. Research the organizations to identify the following:

Firms can have-accounting profits and economic losses : Firms can have: Accounting profits and economic losses, Accounting profits and economic profits, Accounting losses and economic losses, Accounting losses and economic profits.

Profit maximizing perfectly competitive firm : For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.

User Account

All Pages