Computing the annuity due by using excel

Assignment Help Finance Basics
Reference no: EM1329225

Terry Austin is 30 years old and is saving for her retirement. She is planning on making 36 contributions to her retirement account at the beginning of each of the next 36 years. The first contribution will be made today (t = 0) and the final contribution will be made 35 years from today (t = 35). The retirement account will earn a return of 10 percent a year. If each contribution she makes is $3,000, how much will be in the retirement account 35 years from now (t = 35)?

Use Excel.

Reference no: EM1329225

Questions Cloud

Present value help : Basic Buildings Inc. has decided to go public with a $5,000,000 new equity issue. Its investment bankers agreed to take a smaller fee now (6 percent of par value versus 10 percent) in exchange for a 1-year option to purchase an additional 200,000 ..
Find the optimal job sequence for this serial system : Find the optimal job sequence for this serial system with the minimum makespan.
Provide reasons to explain what the government : Provide reasons to explain what the government would have to do to keep the unemployment rate
Find the collection of decidable languages is closed : find the collection of decidable languages is closed.
Computing the annuity due by using excel : Terry Austin is 30 years old and is saving for her retirement. She is planning on making 36 contributions to her retirement account at the beginning of each of the next 36 years.
At level of inflation explain how long does it take : At level of inflation explain how long does it take for the price level to double.
What is information classification : What is information classification, and why should organizations classify their information?
Evolution of the purchasing and supply management profession : Detailed Explanation to Supply Chain Management - What are the salient factors that have contributed to the evolution of the Purchasing and Supply Management profession?
Define the spirit of the recursion theorem of a program : define the spirit of the recursion theorem of a program.

Reviews

Write a Review

 

Finance Basics Questions & Answers

  Writing the final research paper

The paper also needs to meet the writing requirements that are set out below under “Writing the Final Research Paper."

  Describe identification of audit errors made by em

Describe Identification of Audit Errors made by EM and Precautionary measures to be taken and There were several unusually large sales that were made near year end

  Free cash flow method of business valuation focus

Multiple choice questions on Cash flow method and sources of external capital and What does the free cash flow method of business valuation focus on?

  Describe current degree of financial leverage

Describe Current degree of financial leverage and McFrugal's tax rate is 40% and The firm also has outstanding 1 million shares of common stock

  Question about compounding

Write down a 1 page brief which explain the term compounding, the time value of money, and the significance of retirement planning and investing.

  Objective type questions on calculation of beta and stock

Objective type questions on calculation of beta and stock price and What is his portfolio's beta

  Deduce formula for weights of stocks

Deduce formula for weights of stocks A also B at which variance of portfolio P is minimal.

  What are the investment options for retirement plans

What are the Investment options for retirement plans and How much money will she need to withdraw each year starting at age 65

  Computation of the effective interest rate on the bank loan

Computation of the effective interest rate on the bank loan and compensating balance requirement which is based on the total amount borrowed

  Time value of money and capital budgeting process

Explain what do you understand by time value of money, and describe its relevance to the capital budgeting process.

  Computation of current yield and ytm and bond price

Computation of current yield and YTM and bond price and Assume that the yield to maturity remains constant for the next 3 years

  Objective type question based on bonds and their valuation

Objective type question based on bonds and their valuation and what would be the value of the Allied Signal Corporation bonds at an 8 % requirement rate of return if the interest were paid and compounded semiannually

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