User Account

All Pages

Return on investments

Assignment Help Finance Basics
Reference no: EM132678962

1.You expect to live to be 95 years old. The age you plan to retire is 65. Assume you will leave nothing to inheritance from this account. You feel you can earn 3% on your savings during retirement. Given your current budget, you believe you will need $50,000 per year. How much money will you need to retire?

2.Assume you are currently 30 years old. The age you plan to retire is 65. You currently have $10,000 saved and are planning to add $7,000 per year. Your risk tolerance is above average and you believe you can average an 8% return on your investments. If they assumptions hold true, how much will you have when you retire?

Given your answer to Question 1, will you have enough? (Two answers)

Reference no: EM132678962

Questions Cloud

Strategic skill of George Washington : Was American success in achieving independence due more to strategic skill of George Washington or to the operational and strategic mistakes of the British?
Does the placement facilitate authentication in some way : What do we have to do to protect the authentication system? Does this placement facilitate authentication in some way? How about if we move the authentication.
Electoral college-how many electoral votes are in home state : How are the number of electoral votes decided for each state? How many electoral votes are in your home state?
Why a company should consider using a consultant : Discuss why a company should consider using a consultant to oversee a cloud migration and list specific skills you would expect the consultant to have.
Return on investments : 1.You expect to live to be 95 years old. The age you plan to retire is 65. Assume you will leave nothing to inheritance from this account. You feel you can earn
Discuss a notable instance of each type : Discuss the following, supplying citations to support any information that you provide. Do not include your opinion, only what you can support with a citation.
Evaluate Jordan healthcare system : Evaluate Jordan's healthcare system in terms of cost, quality, and access.
Scholarly sources to evaluate the Patriot Act : Utilize the Constitution, established case law, and scholarly sources to evaluate the Patriot Act. Does the Act infringe on civil rights and liberties?
Ban marijuana under the commerce clause : Does the federal government have the right to ban marijuana under the Commerce Clause of the U.S. Constitution? Why or why not?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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