Solution-Define how much money will he have just after you

Define how much money will he have just after you make

Assignment Help Cost Accounting

Reference no: EM131730415

Lormor plan to save $8,000 each of the next 35 years, and invest that money in an account that pays 9% annual interest. In addition, he plan to pay for his child's college education beginning in 20 years. Lormor expect that education to cost $30,000 per year for four years. To pay for the education, he will simply withdrawal money from your investment account. In addition, a long-lost relative recently died, leaving you $50,000. A timeline depicting this situation follows.

Date	0	1-19	20-23	23-35
Deposits	$50,000	$8,000	$8,000	$8,000
Withdrawals			$30,000

How much money will he have just after you make your last deposit 35 years from today?

Reference no: EM131730415

Questions Cloud

What is indigos return on assets : The following information is provided for Sandhill Co. and Indigo Corporation: What is Indigo's return on assets (rounded) for 2017

What is the probability that no more than 6 people : 12 people come into the dealership every day and 65% of them buy a car.

Determine the claim related to homeopathic drug : A company manufactures a homeopathic drug that it claims can reduce the time it takes to overcome jet lag after long distance flights.

Discuss the avocado idea of the self : Discuss the avocado idea of the self and explain at least one version of the idea that human beings have a shared essential nature.

Define how much money will he have just after you make : How much money will he have just after you make your last deposit 35 years from today

Describe impact and alternative of not having chosen method : Select one of transaction management or concurrency control method. Describe impact and alternative of not having chosen method available to manage concurrency.

Approves or denies physician privileges : How can a medical practice or hospital that approves or denies physician privileges within their organization manage their concern of aging physicians?

Identify where the culture needs improvement : Identify where the culture needs improvement. Then write what action(s) should be taken to improve the culture and how the action(s) could improve

What will be digby book value : If next year, assets decrease by $4,000,000 and liabilities increase by $2,000,000, what will be Digby's book value

User Account

All Pages

Define how much money will he have just after you make

Reference no: EM131730415

Reference no: EM131730415

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT