User Account

All Pages

How much does have to save every month from now

Assignment Help Accounting Basics
Reference no: EM132723893

Problem 1: Mr. Chakraborty has been very optimistic about the growth of his business and enjoys life lavishly. At the same time, he is also planning to start saving money for his post retirement phase, which will start at age 65. He spends Rs. 45,000 per month now and increase in standard of living is 2% above inflation every year. He is 40 years old at present. Inflation rate is 5%p.a. and his life expectancy is assumed to be 80 years. How much does he have to save every month from now on if the rate of return on investments is assumed to be 13.25%

Reference no: EM132723893

Questions Cloud

What is a positive confirmation : What is a "positive confirmation?" Describe exactly what you have to do toask, from the constructing the confirmation to recording the results
Mechanisms that are involved in estrous cycle deleterious : What are the mechanisms that are involved in the estrous cycle's deleterious points? How do they contribute to the process?
Compute the amount of phantom profit that would result : In its first month of operation, Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.
Conduct an HRIS needs analysis for the company : What data should be stored for each employee? How would the company use these data? Conduct an HRIS needs analysis for the company
How much does have to save every month from now : Mr. Chakraborty, How much does have to save every month from now on if the rate of return on investments is assumed to be 13.25%
Find what would the expected profit on the special order : To determine variable and fixed costs,Using the high-low method to budget costs of the special order, what would the expected profit on the special order be?
Discuss what the compliance hotline is and its importance : Discuss what the compliance hotline is and its importance. Assume your organization does not have a compliance hotline. How would you set up this program
Which having a good knowledge of the client industry : Which Having a good knowledge of the client's industry is important to the auditor because? payroll and human resource policies vary by industry
What is the purpose of an employment contract : What is the purpose of an employment contract? Describe what psychometric and skills tests are and how they can assist with recruitment

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