User Account

All Pages

How much will you have to deposit every month

Assignment Help Accounting Basics
Reference no: EM132049709

Question - You plan to retire in 40 years with $1 million. You have an investment available that provides a rate of return of 6.5% per year, compounded monthly. How much will you have to deposit every month into this investment account to reach your retirement goal?

A. $605.80

B. $380.98

C. $437.90

D. $502.14

E. $670.98

F. $742.15

Reference no: EM132049709

Questions Cloud

Compute hudson co break-even point in sales dollars : Hudson Co. reports the contribution margin income statement for 2015. Compute Hudson Co.'s break-even point in sales dollars
Determine what rate of return must be earned on proceeds : Determine what rate of return must be earned on the net proceeds to the corporation
What is the absolute temperature of gas sample : What is the absolute temperature of this gas sample when thepressure is multiplied by five and the volume is reduced to onethird?
Determine the list the qualities this position demands : Determine and list the qualities you have that would make you an excellent candidate for this position. Determine the list the qualities this position demands?
How much will you have to deposit every month : You plan to retire in 40 years with $1 million. How much will you have to deposit every month into this investment account to reach your retirement goal
What significant differences did you discover in life : What significant differences did you discover in everyday life experiences? What significant differences did you discover in major life experiences?
How much should the lender be repaid : To maintain the original $7,550,000 purchasing power, how much should the lender be repaid?
Complete the first three phases of SDLC Process : Cloud computing has become a viable and competitive option to the client/server networking model due to its lower cost, scalability, and agility
Explain the tools of diversity consciousness : After completing this course, students should be able to advocate within interpersonal relationships, communities, and organizations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  On its 2008 income statement mertis recorded depreciation

mertis inc. reported net fixed assets as follows on its balance sheets for december 31 2007 and december 31 2008 look

  Difference between a company assets and liabilities

1. The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the: 3. The difference between a company's asset..

  Managerial accounting

Managerial Accounting

  Temporary changes in the value of securities after

temporary changes in the value of securities after purchase would not be recorded for which two types of securities?no

  Describe the difference between expenditure recognition

Describe the difference between expenditure recognition and measurement in the governmental funds financial statements and expense recognition for governmental activities in government wide financial statements.

  What is the semi-annually compounded interest rate

What is the semi-annually compounded interest rate if $200 accumulates to $318.77 in eight years? Answer in percentage with two decimal places.

  What are the tax consequences of these items

What are the tax consequences of these items? Are there other tax planning opportunities the couple may be missing or tax issues of which they should be aware

  Data relating to the pension plan

Blaine Inc. shows the following data relating to its pension plan for 2011:

  Evaluate the major operations against a standard ROI

Explain what the ROI is, and why it is important for companies to evaluate all of their major operations against a standard ROI for the company.

  Determine the amount of the variances for the above costs

sweeney companys 2014 responsibility accounting report includes the followingper unit variable

  Johnson products inc has three regional divisions organized

johnson products inc. has three regional divisions organized as profit centers. the chief executive officer ceo

  Townson company had gross wages of 200000 during the week

townson company had gross wages of 200000 during the week ended december 10. the amount of wages subject to social

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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