How much would she have to invest annually

Assignment Help Mathematics
Reference no: EM13188854

Jackie, a 25 year old client, want to retire by age 65 with $2,000,000. How much would she have to invest annually, assuming a 6% rate of return?

Reference no: EM13188854

Questions Cloud

Why do you think sonny showed compassion : The movies are RESERVOIR DOGS1992, and DOG DAY AFTERNOON 1975. In my paper I have to answer the following: 1 why do you think Sonny showed compassion for his hostages?
How many seats should the airline sell : Given a cancellation rate of 10%, how many seats should the airline sell in order to minimize their expected losses?
What is the number : The product of 10 and a number, plus 12 is 52. What is the number? (Be sure to type only the number in the answer blank. No variables or words.)
Obtain a specific level of utility at lowest possible cost : the owner-manager of good guys enterprises obtains utility from income(profit)and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. can you set up the problem and derive the ..
How much would she have to invest annually : Jackie, a 25 year old client, want to retire by age 65 with $2,000,000. How much would she have to invest annually, assuming a 6% rate of return?
Find the equation of a sphere of radius : Find the equation of a sphere of radius 3 which is tangent to both the planes x-2y+2z=3 and 3x+4z=8
What is the assembly force constant : It takes a force of 21,714 lb to compress a coil spring assembly on a New York City Transit Authority subway car from its free height of 8in. to its fully compressed height of in.
Describe which representation may be more suitable : A vector can be used to represent the path of a drill tip used to bore a deep mine shaft in Sudbury one quarter of the way to the centre of the Earth. Represent the vector using a directed line segment and Cartesian co-ordinates and describe which..
How many hamburgers were sold on saturday : on Saturday a local hamburger shop sold a combined total of 364 hamburgers and cheeseburger. The number of cheeseburgers were sold were three times the numbers of hamburgers sold. How many hamburgers were sold on Saturday.

Reviews

Write a Review

Mathematics Questions & Answers

  Analyzing the use of large samples in surveys

Analyzing the use of large samples in surveys - Give your understanding of why people doing polling and opinion surveys

  In what year will the box-office receipts be $14 billion

According to the data from the U.S. Department of Commerce, movie-theater box-office receipts (in millions of dollars) in year x can be approximated by y= 535.43x+5362.21, where x=0 corresponds to 1995. Assume that this equation remains valid unti..

  Derivatives and trigonometric functions

Differentiate the functions. y = (square root cos (square root x))

  Find the bearing of the plane

A plane is heading due south with an airspeed of 225 mph. A wind from a direction of 50° is blowing at 13 mph. Find the bearing of the plane.

  Calculate the slope of the tangent line at the point

Consider the function f(X)=ln(x^2+1). Calculate the slope of the tangent line at the point (2,ln(5)) to two decimal places.

  Linear functions and equations and domain-range

What similarities and differences do you see between functions and linear equations that you studied in Chapter 3? Are all linear equations functions?

  Determine combinations and permutations

From a total of 15 people, three committees consisting of 3, 4, and 5 people, respectively, are to be chosen. How many such sets of committees are possible if there is no restriction on the number of committees on which a person may serve?

  Find the lenght of the parcel of land

A parcel of land is in the shape of a rectangle with length L (in feet). 65% of the length is waterfront and 70 feet of the length is not waterfront. Write and solve an equation to find the lenght of the parcel of land.

  Find the length and width

The peremiter of a cross section of a piece of lumber is 34 1/2 in. The length is twice the width. Find the actual dimension of the cross section of this piece of lumber.

  Find an equation for the parabola

Highway engineers design a parabolic curve for an entrance ramp from a straight street to an interstate highway . The vertex of the curve passes through (0, 0) and the parabola passes through (1000, + 800). Find an equation for the parabola.

  How many of each type did the company sell that year

If the number sold of franchise A is twice the number sold of franchise C, how many of each type did the company sell that year.

  What fraction of the substance will remain after 105 days

Suppose that you possess some of a radioactive substance that has a half-life of 21 days. What fraction of the substance will remain after 105 days?

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!

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