How many years will it take you to save up a million dollars

Assignment Help Accounting Basics
Reference no: EM133058108

Question - You earn $4,008 income per month. You live frugally and save 14 percent of your income each month and invest it in the S&P 500, which earns 11.97% per year. How many years will it take you to save up a million dollars?

Reference no: EM133058108

Questions Cloud

Calculate the monetary value of the risk : As a result, it is estimated that the controls are 99.99 percent effective. Calculate the monetary value of the risk of a command and control center bomb
Capital intensity have on its financing requirements : In general, what impacts may a firm's dividend policy, profitability, and capital intensity have on its financing requirements?
Cost of supplies remained unconsumed : The business is established to render car repair, maintenance and related services for fees - AH paid its owner $5,000 cash to pay house utility expenses
Make a financing proposal for the equipment : Assume you view AFC's venture positively and you have decided to make a financing proposal for the equipment, land, and facilities. What valuation method would
How many years will it take you to save up a million dollars : You live frugally and save 14 percent of your income each month and invest it in the S&P 500, which earns 11.97% per year. How many years will it take
Cost of the new issue of stock : A firm's common stock is currently selling for $80 per share. The dividend expected to be paid at the end of the coming year is $5.27. The dividend has been gro
What is the market capitalization of risky asset : Assume the market capitalization of risky asset 2 is $1 billion.
Calculate effective annual yield : Camembert's commercial paper is currently selling at a discount. It sells for 98.36 of par and matures in 85 days. 3. Calculate its yield as quoted in the marke
Find out value of the securities : You are a US investor who purchased British securities for £2000 one year ago when the exchange rate was $1.5/£. What is your percentage total return in dollars

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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