User Account

All Pages

Salary increases at an average annual rate

Assignment Help Financial Management
Reference no: EM13868305

Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.28 percent, how long will it take to reach your goal. Round the answer to two decimal places. Please show work.

Reference no: EM13868305

Questions Cloud

What is its percentage forecasted dividend payout ratio : Grandin Inc. is evaluating its dividend policy. It has a capital budget of $602,000, and it wants to maintain a target capital structure of 60% debt and 40% equity. The company forecasts a net income of $447,000. If it follows the residual dividend p..
The firm has no other financial investments or any debt : Either Enterprise has 14 million shares outstanding with a market price of 20 per share. The firm has $23 million in extra cash (short-term investments) that it plans to use in a stock repurchase; the firm has no other financial investments or any de..
What is the present value of the annuity : What is the present value of the following annuity? $1,021 every half year at the beginning of the period for the next six years, discounted back to the present at 8.93 percent per year, compounded semi annually?
What was the average annual growth rate of salary : 12 years ago, Maria's annual salary was $36,892. Today, she earns $85,736. What was the average annual growth rate of Maria's salary? Round the answer to two decimal places in pecentage form. Show work please.
Salary increases at an average annual rate : Upon graduating from college, you make an annual salary of $51,454. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.28 percent, how long will it take to reach your goal.
Accumulated some money for your retirement : You have accumulated some money for your retirement. You are going to withdraw $63,260 every year at the end of the year for the next 19 years. How much money have you accumulated for your retirement? Your account pays you 19.83 percent per year, com..
Equal year-end deposits into savings account : For the next 14 years, you decide to place $3,315 in equal year-end deposits into a savings account earning 8.03 percent per year. How much money will be in the account at the end of that time period?
Home improvement store has a washing machine on sale : The home improvement store has a washing machine on sale for $601. With the period due in two years from today. The store is willing to discount the price at an annual rate of 9% ( Compounded annually) if you pay today. What is the amount if you pay ..
What are the various kinds of budgets : You are a manager in a fictitious company of your choice. Your director has asked you to explain to the department staff the different types of budgets and techniques in order to provide an overall understanding. What are the various kinds of budgets..

Reviews

Write a Review

Financial Management Questions & Answers

  Conduct a brief financial analysis and review of the chosen

select one 1 of the following publically traded health care organizations universal health services nyse uhs or health

  International finance problem

International Finance Problem

  Applied should he be willing to sell out his future interest

Mark Cuban will receive $18 500 a year for the next 25 years as a result book he wrote. if a discount rate of 12% is applied should he be willing to sell out his future interest for 165,000?

  What is the after tax cash flow from the sale

Consider an asset that costs $465,000 and is depreciated straight-line to zero over its six-year tax life. The asset is to be used in a four-year project; at the end of the project, the asset can be sold for $120,000. If the relevant tax rate is 35 p..

  What was its interest expense

Molteni Motors Inc. recently reported $3.25 million of net income. Its EBIT was $8 million, and its tax rate was 35%. What was its interest expense?

  Information about elkridge sporting goods

Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2014. On that date the firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $166,700, net fixed as..

  You have decided to pursue an mba degree either to further

you have decided to pursue an mba degree either to further your career start a new career or achieve a personal goal.

  What is the yield to maturity of this bond

A Japanese company has a bond outstanding that sells for 94 percent of its ¥100,000 par value. The bond has a coupon rate of 6.10 percent paid annually and matures in 17 years. What is the yield to maturity of this bond?

  Statements about the future value of a dollar is true

Which of the following statements about the future value of a dollar is true?

  Calculate the cost of such a call and price of a derivative

Assume the Black-Schools framework. Let S be a stock such that S(0) = 21, the dividend rate is δ = 0.02, the risk free rate is r = 0.05, and the volatility is σ = 0.2. Calculate the expected payoff of a 6 month call with strike price 17. Calculate th..

  Three key figures on the cash flow statement

Which of the three key figures on the Cash Flow Statement is the most important for assessing the financial health of the business?

  Attempts to model all of the uncertainties of the real world

Which method best attempts to model all of the uncertainties of the real world?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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