How much do you need to have in your bank account

Assignment Help Finance Basics

Reference no: EM131944599

Question: Beginning three months from now, you want to be able to withdraw $2,700 each quarter from your bank account to cover college expenses over the next four years.

Required: If the account pays .67 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131944599

Questions Cloud

How much must you save each year until retirement : You believe you will spend $37,000 a year for 17 years once you retire in 34 years. If the interest rate is 7% per year, how much must you save each year until.

What is the project terminal cash flow : which would not change throughout the project. The firm's corporate tax rate is 40%. What is the project's Terminal Cash Flow?

What is estimated intrinsic value per share of common stock : Beishan Technologies' end-of-year free cash flow (FCF_1) is expected to be $70 million, and free cash flow is expected to grow at a constant rate of 5% a year.

Company plans to maintain constant dividend growth policy : Assume that the board of directors of the company plans to maintain a constant dividend growth policy of 4.00 per cent.

How much do you need to have in your bank account : If the account pays .67 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four year

Hat is the covariance between stocks : The index model has been estimated for stocks A and B with the following results: hat is the covariance between stocks A and B?

What is your portfolio expected return : You invest the rest of your capital in the risk-free rate, which offers a return of 3%. What is your portfolio's expected return?

The firm beta coefficient : The firm's beta coefficient is 1.34, and the yield on treasury bills is 7.4%. If you expect the market to earn a return of 12%,

Describe minimum four methods of collecting qualitative data : SDFD211 Statistical And Computational Mathematics Assignment. Describe a minimum of four methods of collecting qualitative data

User Account

All Pages