Estimate the montly deposite, Financial Management

Mr. Moore will be 35 years at the end of the month and he wishes to retire in 25 years. He plans to invest in a mutual fund earning 7.5 percent annual return compounded monthly and have a $1.5 million retirement fund at age 60. How much must be deposited at the end of each month to achieve his goal?

 

Posted Date: 3/21/2013 1:59:23 AM | Location : United States







Related Discussions:- Estimate the montly deposite, Assignment Help, Ask Question on Estimate the montly deposite, Get Answer, Expert's Help, Estimate the montly deposite Discussions

Write discussion on Estimate the montly deposite
Your posts are moderated
Related Questions
Discuss the benefits and drawbacks of maintaining multiple manufacturing sites like a hedge against exchange rate exposure. Answer:  To set up multiple manufacturing sites can

A. Initial evaluation Comment on the structure of the attached portfolio, and on the financial risks facing Copper Based plc (CB), making use of what you know about how a port

A yield spread between any two bond issues can be easily computed when the maturity date for both these issues is same. The yield spread between these two bond

Explain the major types of audit plans Three major types of audit plans Strategic -this the long term forward looking audit, it continually gets updated and identifies are

Rating denote an issuer's ability to respond to adverse changes in circumstances and economic conditions. The rating scale is generally differentiated into variou

State what is Average cost Average cost represents weighted average of the costs of each source of fundsemployed by enterprise, weights being the relative share of each source

Illustrate the in brokered markets according to trade intermediation. In brokered markets: In brokered markets, brokers execute an active search function to match buyers and

Disclosure requirements · Common information about how operating segments were identified and types of products and services from which every operating segment derives its rev

What is meant by Leverage? What are its different types? With what type of risk is associated with each type of leverage. (Explain with illustration)

Question : (a) A project must have a useful purpose. Therefore, as a project is evaluated, the team should determine the requirements of the local community and industry. These