How many years will it take to reach your goal

Assignment Help Financial Management
Reference no: EM13894448

You have $14,658.34 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $280,000. You expect to earn 14% 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.

Reference no: EM13894448

Questions Cloud

Create a multilevel work breakdown structure : Create a multilevel work breakdown structure
Maturity quoted at discount yield : What is the price of a U.S. Treasury bill with 56 days to maturity quoted at a discount yield of 1.20 percent? Assume a $1 million face value.
Discuss whether juan can set aside this contract : Juan is an elderly man who lives with his nephew, Samuel. Juan is totally dependent on Samuel's support. Samuel tells Juan that unless he transfers a tract of land he own to Samuel for a price 35 percent below its market value, Samuel will no longer ..
Describe the tasks involved in revising your message : Write an APA formatted paper (body of paper should be 1-2 pages, double-spaced) that addresses the following assignment requirements: Identify and describe the tasks involved in "Revising Your Message." Identify and describe the tasks involved in "P..
How many years will it take to reach your goal : You have $14,658.34 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $280,000. You expect to earn 14% annually on the account. How many years will it take to reach your goa..
What is the florida statute that governs condominiums? : What is the Florida Statute that governs condominiums?
What extent does this depend on the substitution effect : Obviously, the individual's utility is increased because of the increase in wage. She also chooses to work more. (She reduces leisure.) To what extent does this depend on the substitution effect and the income effect, respectively?
About purchasing a bond of disk storage systems : Jim Busby calls his broker to inquire about purchasing a bond of Disk Storage Systems. His broker quotes a price of $1,180. Jim is concerned that the bond might be overpriced based on the facts involved. Compute the new price of the bond and comment ..
Develop a case to support the councils rejection : As an attorney for Bainbridge Borough, develop a case to support the council's rejection of Carol Fern's unpaid maternity leave request

Reviews

Write a Review

Financial Management Questions & Answers

  Fixed cost per unit under the pessimistic case scenario

Scout's Manufacturing Co. is introducing a new product. The company expects to sell 2,340 units, give or take 10%. The expected variable cost per unit is $8.77 and the expected fixed costs are $12,285. The company bases its sensitivity analysis on th..

  Section of the course in the context of the size of a firm

Most of the examples in the text are medium or large companies. Think about the concepts of risk which are part of this section of the course in the context of the size of a firm. Would these change if the firm were large? Small ?  Medium-sized? Any ..

  Retained earnings using the percent of sales method

Ribbon Industries reported sales of $3 million and net income of $400,000 for 2010. The retained earnings balance at the end of 2012 is $7 million. Ribbon Industries has a dividend payout ratio of 30%. If sales are expected to increase by 25% next ye..

  What is the present value of perpetuity that pays you annual

What is the present value of a perpetuity that pays you annual, end-of-year payments of $950.00? Use a nominal rate (monthly compounding) of 7.50%.

  Transactions in a mutual fund

Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share

  Calculate the expected beta on the portfolio

Your portfolio is diversified. It has an expected return of 10.0% and a beta of 1.10. You want to add 500 shares of Tundra Corporation at $30 a share to your portfolio. Tundra has an expected return of 14.0% and a beta of 1.30. The total value of you..

  Nominal and real interest rates

Write a short essay of 350-400 words for each of the following questions. Where possible, illustrate with an appropriate example in your answer. You must support your discussion with appropriate references.

  The efficient market hypothesis holds

Which of the following statements are true if the efficient market hypothesis holds?

  Develop bsc that is aligned key goal in strategic plan

Develop a BSC that is aligned to the key goal in the strategic plan, i.e. exceeding revenue of $25 million dollars by 2015. Develop, quantify and justify suitable key performance measurement criteria for Anthony's Orchard in each of these four key..

  Current yield equals its yield to maturity

If a coupon bond is selling at par, its current yield equals its yield to maturity. If a coupon bond is selling at a premium, its current yield equals its yield to maturity. If interest rates increase, the price of a 10-year coupon bond will decline ..

  About short-term debt

Which of the following statements about short-term debt is(are) most correct?

  Calculate weighted cost of capital-initial cost outlay

Build an office high rise with 450,000 square feet of office space. The street level will be dedicated to retail. Lease the land to the developer in exchange for the use of 12,000 square feet of office space. Calculate the Weighted Cost of Capita. Ca..

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