Solution-Provide how much should deposit every month into

Provide how much should deposit every month into account

Assignment Help Cost Accounting

Reference no: EM132549935

Question 1: John is currently 25 years old. He has $10,000 saved up and wishes to deposit this into a savings account which pays him J12 = 6% p.a. He also wishes to deposit $X every month into that account so that when he retires at 55, he can withdraw $2000 every month end to support his retirement. He expects to live up till 70 years. How much should he deposit every month into his account

Reference no: EM132549935

Questions Cloud

Why is data security important now more than ever : When a business/firm grows and has their data in different places and on different documents/spreadsheets

What is the impact of the transaction on the profit account : Irwin Company obtained a five-year, €100,000 bank,What is the impact of the transaction on the profit and loss account of the year x1?

Stakeholders than do for-profit managers : Do you think non-profit managers have to pay more attention to stakeholders than do for-profit managers? Explain.

Define organizational control-balanced score card approach : Please define "organizational control", explain briefly the balanced score card approach, and provide exemplar measures for each dimension

Provide how much should deposit every month into account : He also wishes to deposit $X every month into that account so that when he retires at 55, How much should deposit every month into account

Explain briefly the balanced score card approach : Explain briefly the balanced score card approach, and provide exemplar measures for each dimension of the balanced score card.

What was the amount for net purchases : Purchase return and allowance 4,000 and Beginning inventory 45,000. What was the amount for net purchases

Understanding of ethical decision-making in organizations : ?Describe Kohlberg's theory of cognitive moral development and critically evaluate its contribution to our understanding of ethical decision-making

Prepare and journalized the transaction : Hamle 20, 2011 E.C the company sold 80% of items purchased by 70,000 birr cash. Prepare and Journalized the above transaction?

User Account

All Pages

Provide how much should deposit every month into account

Reference no: EM132549935

Reference no: EM132549935

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT