Annual interest rate, Financial Accounting

Interest Rate on a one Payment

Your parents will retire in 17 years. They presently have $270,000, and they think they will require $1 million at retirement. What annual interest rate must they earn to reach their goal, suppose they don't save any additional funds?

 

Posted Date: 3/29/2013 6:19:04 AM | Location : United States







Related Discussions:- Annual interest rate, Assignment Help, Ask Question on Annual interest rate, Get Answer, Expert's Help, Annual interest rate Discussions

Write discussion on Annual interest rate
Your posts are moderated
Related Questions
Olivia has received a $15 gift certificate that is redeemable only for roasted peanuts. Bags of roasted peanuts come in two sizes, regular and jumbo. A regular bag contains 30 pean

Inventory control implies a planned approach of ascertaining while to buy, how much to buy and how much to stock hence costs including storing and buying are optimally minimum, wit

The key criterion for qualifying as a hedge is that the hedging relationship must be highly effective in achieving offsetting changes in fair values or cash flows based on the hedg

what are five modern techniques of financial accounting

USAco is the wholly-owned U.S. subsidiary of ASIAco, a Japanese parent corporation that manufactures automobiles and sells them to USAco for resale in the United States. ASIAco sel

Mr. Surya does not keep a systematic record of his transactions. He is able to give you the following information regarding his assets and liabilities. 2000 2001 Dec. 31 Dec. 3

Accounting objectives Accounting has two main objectives: To assist control over the assets and liabilities, and the income and expenditure of the enterprise; and To

How to proceed on the analysis of investment putting in mind that there are many criteria in this respect:Net income per year, Cash flows, Device life of 7 years, 10% return on inv

Q. Written inquiries for financial information? Inquiry - A procedure which comprises seeking information both financial and non-financial, of knowledgeable persons throughout

I have one assignment of this course (diploma Financial Planning), can you help me in doing my assignment