What annual interest rate must they earn

Assignment Help Finance Basics
Reference no: EM13288104

Your parents will retire in 19 years. They currently have $380,000, and they think they will need $2,300,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.

Reference no: EM13288104

Questions Cloud

Define calculate the value of ksp : For the Ca2+ and F- ions, write the mathematical relations defining activity of each ion in terms of its concentration and activity coefficient. e) Based on your answers above, derive a relationship for Ksp' in terms of Kspo and activity coefficie..
Draw ladder diagram to open gate after momentary closure : Each limit switch has one normally open, NO, contact and onenormally closed, NC, contact. Two control relays, CR1 and CR2, areused in the gate control circuit. These relays have two NO contactsand two NC contacts. A NO pushbutton START switch is u..
How long will it take to double your money : If you deposit money today in an account that pays 12.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
State the following reaction : Consider the following reaction- 2 A(g) + B(g) 3 C(g) + D(g) please determine Kc if 6.0 moles of A is added to 6.0 moles of B in a 2.0 L yields 0.10 moles of D at equilibrium.
What annual interest rate must they earn : What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.
Calculate value of each investment based on required rate : Assume Emerson Electric's managers expect an earnings downturn and a resulting decrease in growth of 3 percent. How does this affect your answers to parts a and b?
Define the chemical equation corresponding to ksp : Consider a saturated solution of calcium fluoride in 0.092 M potassium nitrate. Complete the following tasks, and then answer the question. a) Write the chemical equation corresponding to Ksp.
What is angle between magnetic field and protons velocity : A proton moving with a speed of (2*106)m/s through amagnetic field with a magnetic flux density of 2.5T experiences a magnetic force of magnitude4*10-13 N. What is the angle between the magnetic field and the proton's velocity
Should the project be accepted : Should the project be accepted and what method did you base your judgment?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is your expected rate of return

The common stock of Zaldi Co. is selling for $32.84 per share. The stock recently pid dividends of $2.94 per share and has a projected constant growth rate of 9.5 percent. If you purchase the stock at the market price, what is your expected rate o..

  What advantages might a socialist system

What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January.

  Fishhook just went public and is considering a bond issue

FishHook (FH) just went public and is considering a bond issue with warrants attached

  Computation of future annual payments

Computation of future annual payments and how much income will the grandchild receive each year

  What is the weighted average cost of capital

What is the weighted average cost of capital if the firms finances are in the following proportions?

  Determine stock out cost

I need to determine stockout cost for a problem but don't think I have enough data. 40% of stockouts will result in a back order with a cost of $5 per back order;

  Write a short paper advising bill and darlene

Write a short paper advising Bill and Darlene what business form you would recommend for them as they start up their business. State any assumptions you make.

  What is the net present value for this project

The tax rate is 33 percent and the required return for the project is 15 percent. What is the net present value for this project?

  What is the firm free cash flow

A firm has operating income of $1,000, depreciation expense of $185 and its investment in operating capital is $400. The firm is 100% equity financed and has a 35% tax rate. What is the firm's free cash flow?

  Evaluate the project efficacy

Evaluate the project's efficacy. Is this facility worthwhile, based upon your calculations ? Why or why not ? What does the NPV decision rule indicate for this project ?

  Compute the firm cost of capital

A corporation has a target capital structure of 40% debt and 60% equity. A new debt will be issued at a before tax yield and coupon rate of 10%. If the required rate of return of firm's stock is 15% and marginal rate of 40%, compute the firm's cos..

  What was the addition to nwc

Assuming net fixed assets increased by $20,550 during the year, what was the addition to NWC? (Do not include the dollar sign ($).) Addition to net working capital

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