User Account

All Pages

How much must the balance of the fund equal on june

Assignment Help Accounting Basics
Reference no: EM131873951

Question - Stephen Bosworth, a super salesman contemplating retirement on his fifty-fifth birthday, decides to create a fund on an 9% basis that will enable him to withdraw $33,000 per year on June 30, beginning in 2016 and continuing through 2019. To develop this fund, Stephen intends to make equal contributions on June 30 of each of the years 2012-2015.

How much must the balance of the fund equal on June 30, 2015, in order for Stephen Bosworth to satisfy his objective?

Reference no: EM131873951

Questions Cloud

Estimate the average cost per unit for each plant : A soft drink company has three bottling plants throughout the country. Estimate the average cost per unit for each plant
Estimated expected rates of return : Adams Corporation is based on Hawaii and has four investment projects with the following costs and estimated expected rates of return
Test-marketing would allow firm to improve the product : Test-marketing would allow the firm to improve the product and increase the probability of success to 80%. What is the NPV of going directly to market?
Does locking mobile device operating systems make secure : Does locking down mobile device operating systems make those devices more secure than older, more traditional operating systems of the past?
How much must the balance of the fund equal on june : How much must the balance of the fund equal on June 30, 2015, in order for Stephen Bosworth to satisfy his objective
What is the bond current yield : The bond pays coupons semiannually. What is the bond's current yield?
What effect does announcing a topic have on writing : How can text, context, and subtext sometimes distance a viewer from an image? What effect does announcing a topic have on writing?
Prepare a memo for your firm client files : Prepare a letter to Louis Jones, the president of Oriole Corporation, describing the results of the proposed plan. Prepare a memo for your firm's client files
Increasing the fixed advertising budget : Triangle Pediatrics currently provides 1,000 visits per year at a price of $50 per visit.

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