User Account

All Pages

What annual interest rate must they earn to reach their goal

Assignment Help Finance Basics
Reference no: EM131105624

Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?

Reference no: EM131105624

Questions Cloud

Zopf company sells its bonds at a premium : Zopf Company sells its bonds at a premium and applies the effective-interest method in amortizing the premium. Will the annual interest expense increase or decrease over the life of the bonds? Explain.
What would its future value be : What's the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this was an annuity due, what would its future value be?
How many years will it take to reach your goal : You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goa..
What are the two methods of amortizing discount : What are the two methods of amortizing discount and premium on bonds payable? Explain each.
What annual interest rate must they earn to reach their goal : Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don’t save any additional funds?
How should discount on bonds payable be reported : How should discount on bonds payable be reported on the financial statements premium on bonds payable?
What is the present value of a security : What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually?
What conditions of bond issuance does a premium on bonds : Under what conditions of bond issuance does a discount on bonds payable arise? Under what conditions of bond issuance does a premium on bonds payable arise?
How much will be in your account after 5 years : If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years?

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate the monthly house payment

Calculate the monthly house payment necessary to amortize the following loan. In order to purchase a home, a family borrows $267,000 at 10.8 percent for 15 year

  What would be the expected return for a self-financing

each of the six firms in the table below is expected to pay the listed dividend payment every year in perpetuity.firm

  Which of the two alternatives will add the most value

Which of the two alternatives will add the most value? Show your calculations and work

  Computing amount of the loan repayments

XYZ Ltd paid= $200,000 for feasibility study on project about a year ago. You are needed to compute: The amount of the loan repayments. The accounting rate of return (gross and net).

  What is the afn for the coming year

Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions.

  Estimate the yield to maturity on this bond

A 5-year corporate bond with a 6.8% coupon rate is trading at $952.63. Assuming semi-annual coupon payments: (i) estimate the yield to maturity on this bond

  Abc has total sales of 184 assets of 101 return on equity

1. abc has total sales of 184 assets of 101 return on equity of 30 and net profit margin of 7. what is the debt

  Calculate the percentage changes over a one-month interval

Calculate the percentage changes over a 1-month interval. What loss would you take if you owed BRL 1 million in 1 month and the dollar depreciated by 2 standard deviations?

  What is the cost in dollars of the second 15000 batch if

boisjoly watch imports has agreed to purchase 15000 swiss watches for 1 million francs at todays spot rate. the firms

  A firm has common stock of 6200 paid-in surplus of 9100

a firm has common stock of 6200 paid-in surplus of 9100 total liabilities of 8400 current assets of 5900 and fixed

  Determine the fundamental manner

Determine the fundamental manner in which social media can help and / or hinder the selected organization in reaching its target market.

  What is the bonds current market price

callaghan Motors' bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturityis 9%. What is the bond's current market price?

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