Brokerage account-how many year will take to reach your goal

Assignment Help Financial Management
Reference no: EM131012126

You have $29,216.63 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $220,000. You expect to earn 10% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations. Years

Reference no: EM131012126

Questions Cloud

The firms overall cost of capital was used a hurdle rate : An all-equity firm is considering the following projects: Which projects have a higher expected return than the firm's 11% cost of capital? Which projects should be accepted? Which projects would be incorrectly accepted or rejected if the firm's over..
Define a traderequest class for all stock trade requests : Populate the stock closing price ListBox control: After the user selects a stock ticker from StocksComboBox, a ListBox control (ClosingPricesListBox) should display a list of past closing prices of the selected stock. Each past closing price shoul..
Find the directional derivative of f passing through point p : Evaluate the gradient of f at point P. Find the directional derivative of f passing through P in the direction of the vectur u.
Identify the operating system : Based on the system and its operating system, please research the vendor and its website to identify any hardening guides and documents you may find.
Brokerage account-how many year will take to reach your goal : You have $29,216.63 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every future year until your account totals $220,000. You expect to earn 10% annually on the account. How many years will it take to reach your goa..
Describe your understanding of the social work profession : Describe your understanding of the social work profession and its core values. How have you incorporated social work values in your human service experiences and interactions with others? Social workers behave in a trustworthy manner
Future value for various compounding periods : Future value for various compounding periods Find the amount to which $300 will grow under each of these conditions: 14% compounded annually for 8 years. Round your answer to the nearest cent. $? 14% compounded semiannually for 8 years.
Systematic risk evaluates the probability : Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government has a record of intervening in the event of a probable bank failure; the government’s larger concern is the negative impact ..
Loan amortization-what will be monthly loan payment : Loan amortization and EAR You want to buy a car, and a local bank will lend you $35,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 9% with interest paid monthly. What will be the monthly loan pay..

Reviews

Write a Review

Financial Management Questions & Answers

  Interest rates and equity capital costs

If the price of money (e.g., interest rates and equity capital costs) increases due to an increase of anticipated inflation, the risk-free rate will also increase. If there is no change in investment aversion, then the market risk premium (r_M - r_RF..

  You have been hired in the finance department at a large

you have been hired in the finance department at a large metropolitan for-profit hospital. your duties are very

  Compute the present value of interest tax shields generated

Compute the present value of interest tax shields generated by these three debt issues. Consider corporate taxes only. The marginal tax rate is Tc = 0.35.a. A $1,800, one-year loan at 10% b. A four-year loan of $1,800 at 10%. Assume no principal is r..

  Calculate the accounting profit and the economic profit

Gomez runs a small pottery firm. He hires one helper at $15,500 per year, pays annual rent of $5,500 for his shop, and spends $21,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) t..

  What is the investment proportion

Assume that you manage a risky portfolio which consists of Stock A and Stock B in the proportions listed below. Expected Return with an expected rate of return of these stocks are also listed in the table. The T-bill rate is 5%. What is the expected ..

  Having a majority of voting rights

John Smith is a wealthy activist investor who has a healthy interest in seeing companies in which he has an interest perform well. In general, he is more concerned about maintaining control over the companies he invests in (by having a majority of vo..

  What is the projects payback period

A project has an initial cost of 49,000 expected net cash inflow of 13,000 per year for eight years and a cost of capital of 12%. What is the projects payback period?

  Accumulate fund for retirement by making deposits

A person aged 30 wishes to accumulate a fund for retirement by making deposits of $100 at the beginning of each month for 15 years followed by deposits of $200 at the beginning of each month for the next 15 years. Starting at age 65 withdrawals will ..

  Sudson washer and dryer service is in the business of

sudson washer and dryer service is in the business of leasing used washers and dryers to apartment landlords for a

  Real risk-free rate of interest-what is treasury securities

The real risk-free rate of interest is 4%. Inflation is expected to be 2% this year and 4% during the next 2 years. Assume that the maturity risk premium is zero. What is the yield on 2-year Treasury securities? What is the yield on 3-year Treasury s..

  The decline in treasury note yields

You want to invest in five-year U.S. Treasury notes. Unfortunately, you believe that yields will decline and prices will rise for five-year Treasury notes. Review futures in Treasury notes and set up a strategy so you can benefit from the rise in Tre..

  Measure the average performance of national market

Stock market indexes allow us to measure the average performance of a national market. US Dow Jones Industrial Average Index is a good proxy of a foreign stock market performance. Investing in foreign firms thru ADRs is usually cheaper than a direct ..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd