Salary increases at average annual rate

Assignment Help Financial Management
Reference no: EM13731574

Upon graduating from college, you make an annual salary of $66,356. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.13 percent, how long will it take to reach your goal?

Reference no: EM13731574

Questions Cloud

Payback period as a means of measuring cash flows : What are the problems associated with using the payback period as a means of measuring cash flows? What are the advantages of using the payback period to evaluate cash flows and are there any circumstances under which using the payback might be appro..
Corporate bond with an annual coupon : Five years ago, Highland, Inc. issued a corporate bond with an annual coupon of $7,000, paid at the rate of $3,500 every six months, and a maturity of 25 years. The par (face) value of the bond is $1,000,000. Recently, however, the company has run in..
What are the basic need-satisfying benefits : How and What? What are the basic need-satisfying benefits? Does a competitor's product fit a need this product/service does not provide
Demonstrate the effectiveness of the training : Imagine that headquarters leadership approved your recommendation for delivering the training and you are now charged with the task of proving the training is effective. What procedure would you put in place to measure the results of the training..
Salary increases at average annual rate : Upon graduating from college, you make an annual salary of $66,356. You set a goal to double it in the future. If your salary increases at an average annual rate of 8.13 percent, how long will it take to reach your goal?
Projections given for price-quantity-variable costs : You are evaluating a project that costs $840,000, has seven-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 90,000 units per year. Price per unit is $40, vari..
Briefly describe the branding and positioning strategies : Briefly describe the branding and positioning strategies of Apple and Philips. Do they build brand loyalty? If so, what emotions are involved
Write two pages about baby boomers : Write 2 pages about baby boomers. First, you must expalin your reaction regarding a specific therotical concept related to the Principles of marketing
Currently producing-increase production at a rate : Cooling Tools, Inc. is currently producing 1,069 of small refrigerators per month but the company’s CEO plans to increase production at a rate of 11.00 percent per month until the firm is producing 7,022 refrigerators per month. How many months will ..

Reviews

Write a Review

Financial Management Questions & Answers

  What is the value of rolens preferred stock

Several years ago, Rolen Riders issued preferred stock with a stated annual dividend of 8% of its $100 par value. Preferred stock of this type currently yields 7%. Assume dividends are paid annually. What is the value of Rolen's preferred stock? Roun..

  Statements is true regarding sprints stock

A linear regression was done to estimate the relation between Spint's stock returns and the market's return. The intercept of the line was found to be 0.23 and the slope was 1.47. Which of the following statements is true regarding Sprint's stock?

  Expected rate of return and market risk premium on market

Stock A has a beta of .2, and investors expect it to return 8%. Stock B has a beta of 1.8, and investors expect it to return 12%. Use the CAPM to find the expected rate of return and the market risk premium on the market

  Volatility of the exchange rate is quoted

An exchange rate is currently 0.8000. The volatility of the exchange rate is quoted as 12% and interest rates in the two countries are the same. Using the lognormal assumption, estimate the probability that the exchange rate in 3 months will be a) Le..

  Effective interest rate per payment period for interest rate

Find the effective interest rate per payment period for an interest rate of 6% compounded monthly for each of the given payment schedule.

  What is the price of the option if it is a european call

What will be your profit/loss on this position if Dell is selling at $42 on the option maturity date and what will be your profit/loss on this position if Dell is selling at $38 on the option maturity date?

  What is the minimum expected annual return for stock

In order to fund her retirement, Michele requires a portfolio with an expected return of 0.11 per year over the next 30 years. She has decided to invest in Stocks 1, 2, and 3, with 25 percent in Stock 1, 50 percent in Stock 2, and 25 percent in Stock..

  Explain how using a risk-adjusted discount rate improves

Explain how using a risk-adjusted discount rate improves capital budgeting decision making compared to using a single discount rate for all projects?

  Part aassume that you are a financial analyst working

part aassume that you are a financial analyst working for muscat investment l.l.c. evaluate the financial

  Expect to earn an average return

Janice plans to save 75$ per month, starting today, for 20 years. Kate plans to save 80$ a month for 20 years, starting one month from today. Both Hanice and kate expect to earn an average return of 5.5 percent on their savings. At the end of the 20 ..

  What is the bonds value

A US Industries bond has an 8 percent coupon rate and a $1,000 face value. Interest is paid semi-annually, and the bond has 20 years to maturity. If investors require a 10 percent yield to maturity, what is the bond’s value?

  Purchase an asset that is expected to generate cash flows

You have the opportunity to purchase an asset that is expected to generate cash flows for the next 32 years. The purchase price of the asset is $18,650,866. What annual annuity cash flow would you have to expect to receive over the life of the asset ..

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