Determine monthly saving, Corporate Finance

Determine monthly saving:

Based on the following information, answer the questions.

You consider a retirement plan. The retirement plan will give you $1,000 every month for 10 years, starting in January 2034. The annual interest rate is 12%.

1)How much will do you need to buy the retirement plan in December 2033?

2)In order to buy the retirement plan, you will save the same amount of money every month at 12% interest rate for the coming 20 years. What is your monthly saving to buy the retirement plan in December 2033?

Posted Date: 2/12/2013 1:09:38 AM | Location : United States







Related Discussions:- Determine monthly saving, Assignment Help, Ask Question on Determine monthly saving, Get Answer, Expert's Help, Determine monthly saving Discussions

Write discussion on Determine monthly saving
Your posts are moderated
Related Questions
one director asks only for the cash flow figures upto and including year 2 and applies a 2-year payback rule

ADIA is a government-owned investment organization that administers the sovereign wealth fund for Abu Dhabi, United Arab Emirates. As per the Sovereign Wealth Fund Institute's rank

Do mergers encourage the formation of new banks? A: Yes. The rise in the number of new banks in the second half of the 1990s coincides with a surge in merger activity in the

#queM&A E-III Corp. is investigating the possible acquisition of Silicon Inc. Assume that both firms have no debt outstanding. E-III Corp. Silicon Inc. Pre-announcement stock price

A person is willing to sell some stock

How competitive is the market for banking services? A: With more than 7,000 banks and thrifts in the U.S., banking is one of the most competitive industries in the world. Consi

A owns all of the X stock with a basis of $200. A's three sons own all of the Y stock equally. X and Y each have E&P of $100, respectively. A sells one half of the X stock to Y

can you assist with the all the rounds in compxm exam?

You are the Executive Director for the brand new Burkina Faso field office of a U.S.- based not-for-profit organization called Paper for All that distributes academic resources fo

CivilENG, LTD has a target capital structure of 35% debt and the remainder common equity. CivilENG’s cost of debt on the first $3 million borrowed is 7.5%, but that cost of debt in