User Account

All Pages

How much do you need to deposit each month

Assignment Help Accounting Basics
Reference no: EM133157636

Question - You decide to make monthly payments into a retirement fund earning 4.75% compounded monthly. Note: Payments are made at the end of each period. Use this information to answer questions 7-9 below.

Use the Saving for Retirement information above to answer this question.

If your monthly payments are $189, how much will you have in your retirement fund after 40 years?

Suppose you want to use this fund to buy a $300,000 houseboat when you retire in 40 years. How much do you need to deposit each month in order to achieve this goal?

You decide to deposit $270 each month into the retirement fund, and retire when you can afford to buy your dream boat, which costs $344,000. How many months will you need to make payments before you can retire?

Reference no: EM133157636

Questions Cloud

Find all frequent item sets using the apriori algorithm : Find all frequent item sets using the Apriori algorithm - List all strong association rules (with supports and confidence matching the following metarule
Prepare journal entries to dispose of the machinery : On 31 December 2021, owing to a change in product mix, the machinery was sold for $80,000. Prepare journal entries to dispose of the machinery
What is the maximum number of new shares : What is the maximum number of new shares of common stock that the firm can sell without receiving further authorization from shareholders
Analyze The NASW Practice Standards : Examine how each set of standards expects social workers to utilize the concept of person-in-environment.
How much do you need to deposit each month : Suppose you want to use this fund to buy a $300,000 houseboat when you retire in 40 years. How much do you need to deposit each month in order to achieve this
Explore standards with your professor : Explain your personal reaction to both sets of NASW practice standards. Indicate if you believe one is of a higher quality than the other,
What is the maximum amount you should pay for this annuity : An annuity offers $3,000 for 10 years. If you can earn 12 percent annually on your funds, what is the maximum amount you should pay for this annuity
What is cryptocurrency : Finance Question - Topic - Cryptocurrency - Read carefully. Answer & Explain clearly. What is cryptocurrency
Pediatric clients with health disorders : Prioritize nursing interventions when caring for pediatric clients with health disorders.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd