Investment account at the highland park mutual funds

Assignment Help Finance Basics
Reference no: EM132013419

How much money must Larry Dietz deposit into a 2.8% investment account at the Highland Park Mutual Funds, at the beginning of each year, to accumulate $950,000 by the end of year 12?

A. $65,859.07
B. $94,303.12
C. $69,598.81
D. $59,256.49
E. $67,703.12

Reference no: EM132013419

Questions Cloud

Company depreciation and amortization expense : The company has $6,600 interest expense, and the corporate tax rate is 35 percent. What was the company's depreciation and amortization expense?
What is the change in annual net income : If Teich chooses to buy the part from the outside supplier, what is the change in annual net income due to accepting the offer vs. making
Average annual compounded rate of return on investment : What has been the average annual compounded rate of return on this investment?
Discuss about the potential consequences of violations : You have worked for Beta Technology for six months. In that time, you conducted informal meetings with management and other hourly and salaried employees.
Investment account at the highland park mutual funds : How much money must Larry Dietz deposit into a 2.8% investment account at the Highland Park Mutual Funds, at the beginning of each year
What steps would you need to take in order to solve issue : Reaching out a Solution This assignment is designed to assist you in developing a thoughtful process for advocating about an issue as a nurse.
Calculate the fixed asset turnover ratio : The company reported total of $710,000 in fixed assets on January 1, 2011 & $890,000 in fixed assets on December 31, 2011. Calculate fixed asset turnover ratio
How much is each monthly payment : Payments are monthly, interest is monthly compounded, and you did not make a down payment. Assume you make all payments on time
What is the book value per share : What is the book value per share? Show your answer to the nearest $.01. Do not use the $ symbol in your answer, thus if your answer is $2.80 enter 2.80.

Reviews

Write a Review

Finance Basics Questions & Answers

  Ethics during change paper

Prepare a 1,050- to 1,400-word paper examining the ethical issues organizations face when implementing change. Be sure to:

  Strategic and psychological preparation for mergers

Please critique Articles 11 attached, identify methodology, gap and key finding-Please critique article below as best you can, including an identification of methodology employed, the gap and any key findings the writer may have concluded.

  Calculate the reorder point if it takes 5 days

Calculate the Reorder Point if it takes 5 days for the new orders to arrive from the company's warehouse to its retail store.

  Why do you suppose so many fell into the given trap

Why do you suppose so many fell into this trap? Or was Jim Koch a poor executive in not bringing Boston Beer up to their expectations?

  Greater centralization in some organizations

Why does the application of advance IT typically lead to great decentralization? Could it also be used for greater centralization in some organizations? Explain

  What issues arise with the use of information systems

What ethical, social, and political issues arise with the use of information systems? Which of these identified issues can have the most adverse effect

  How does each of the given affect the money supply

How does each of the following affect the money supply? -  The Fed lowers the required reserve ratio.-  The Fed buys government securities.

  Compute the bond expected rate of return

You own a 20-year. $1,000 par value bond paying 8 percent interest annually. The market price of the bond is $850. and your required rate of return is 11.

  What is the best estimate of the nominal interest rate

Assuming that interest rates in the economy are expected to remain at their current level, what is the best estimate of the nominal interest rate on new bonds? Round your answer to two decimal places.

  What is the present value of your interest

A family trust will convey property to you in 15 years. If the property is expected to be worth 50,000 when you receive it, what is the present value of your interest, discounted at 10 percent annually?

  Find the value of the stock per share

The income tax rate of the company is 30%. Find the value of the stock per share after this buyback. Is the company making the right move?

  Calculate the estimated break-even point

Calculate the estimated break-even point in annual unit sales of the new product if Creative Ideas Company uses the: (Round answers to 0 decimal places, e.g.)

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