Calculate the amount of money she would have to invest

Assignment Help Basic Computer Science
Reference no: EM132272008

Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at age 65.

a) If she can earn 10% per year in an equity mutual fund, calculate the amount of money she would have to invest in equal annual amounts to achieve her retirement goal.

b) Alternatively, how much would she have to invest in equal monthly amounts starting at the end of the current year or month respectively.

c) Looking at these numbers, most people would think this is affordable. Why do you think most Americans are not saving for their retirement? Discuss what you believe to be the real reason most 23 year olds (like Bella) are not saving for retirement. What do you think we can do to change this trend?

Provide your work in Excel for parts a) and b). Write discussing part c).

Reference no: EM132272008

Questions Cloud

Yearly depreciation for the cooking equipment : What is the yearly depreciation for the cooking equipment?
Manual trial calculation of the irr : You must provide one complete manual trial calculation of the IRR to demonstrate that you understand the process. Failure to follow this instruction
Advise Bertini by focusing on issues of collateral contract : MLC707 - Commercial and Corporations Law Assignment, Deakin Law School, Australia. Advise Bertini by focusing in particular on issues of collateral contract
Compare and contrast irr-arr-npv-payback period : Compare and contrast IRR, ARR, NPV, Payback period, and profitability index?
Calculate the amount of money she would have to invest : If she can earn 10% per year in an equity mutual fund, calculate the amount of money she would have to invest in equal annual amounts to achieve her retirement
What is the asset beta : The firm's market value debt to equity ratio is .6. Template has a zero tax rate. What is the asset beta?
What is the most common implementation : What is the most common implementation? What is the most expensive? Using a Web browser, search for other examples. How do they differ?
Rate of interest on debt : The firm is considering the following three alternative amounts of debt which are given along with the required expected rate of return on equity
Conduct regression and chi-squared test of independency : Explore the use of statistical software in data analysis through hands-on applications. Conduct regression and chi-squared test of independency.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What is the mean of the sampling distribution

a. What is the mean of the sampling distribution? b. What is the standard deviation of the sampling distribution?

  Describe the open systems interconnect

Describe the Open Systems Interconnect (OSI) model layers, and explain how they interact with each other.

  Writes a 1000-element array of integers

How do these compare to a simple loop that reads and writes a 1000-element array of integers? Perform the experiment on a computer for which the native byte order is the same as the network byte order, as well as on a computer for which the native..

  What are the dangers of not cross checking between the model

What are the dangers of not cross checking between the models?

  Create two new revolved models using the x axis and y axis

Move one of the models so they do not overlap (use the Move button on the Modify panel of the Ribbon). Your completed drawing should look similar to Fig. 43-12. Save your work.

  Process of obtaining feedback from external customers

How would the process of obtaining feedback from internal customers differ from the process of obtaining feedback from external customers.

  Operating system components from the installation

During a Windows Server 2012 installation, the Setup program copies the files for all operating system components from the installation medium to a directory called WinSxS. This occupies a great deal of disk space, particularly when considering th..

  What is the net present value of the hiking trail

What is the net present value of the hiking trail to the City of Waco if the discount rate is 5%? According to your analysis, should the project be undertaken?

  Determine the horizontal force developed on the board

The clamp provides pressure from several directions on the edges of the board.

  What is the size of the virtual address space

A virtual memory system has a page size of 1024 words, eight virtual pages, and four physical page frames.

  Spoke up and acted to resolve the conflict

Recall a time experience in a summer job, an internship, a student club, a student team project, etc. when your values conflicted with what you were expected to do in a particular, non-trivial decision, and you spoke up and acted to resolve the co..

  Minimum number of udp sockets needed

What would be the minimum number of UDP sockets needed for "A" to receive and send RTP packets to B, C, and D. Briefly explain your answer.

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