Interest compounded annually

Assignment Help Finance Basics
Reference no: EM132509306

You are 20 years old and plan to retire with $1,000,000. You have $25,000 available for investment now. You deposit this into an account that pays 9.5% interest compounded annually? How old will you be when the account has the target amount? (Answers are rounded.)

Reference no: EM132509306

Questions Cloud

Health record analyst : Using the attached Medical Staff Bylaws & Rules and Regulations, create a template that shows all the physician documentation requirements
What happens to the organizational climate : Resistance to change is a normal everyday aspect in the workplace. Note what happens to the organizational climate when this resistance occurs.
Healthcare manager or leader in strategic planning : Explain the role of healthcare leader or manager in meeting the needs of the various stakeholders, as well as meeting goals of strategic plan and organization
What is the dark web and how is it accessed : Write a brief paper on the following topics: What is the Dark Web? How is it accessed? How is it used by criminals? How can it be used in a positive way?
Interest compounded annually : You are 20 years old and plan to retire with $1,000,000. You have $25,000 available for investment now. You deposit this into an account that pays 9.5%
Describe the concept of impression management : Describe the concept of impression management and explain the implications for managers. Provide an example of a time you used impression management
Selling general and administrative : Last year, Jen and Berry Inc. had sales of $40,000, cost of goods sold (COGS) of 12,000, depreciation charge of $3,000 and selling, general
Explain the positioning approach used by benihana : Explain how Benihana and your new restaurant use advertising to enhance the concept of integrated marketing communication (IMC) within the restaurants
Create a use case diagram for the describe system : Create a use case diagram for the above describe system and explain in words how the use case diagram model operates by guiding a reader

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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