What annual interest rate would you need to earn

Assignment Help Finance Basics

Reference no: EM131933200

Question: What annual interest rate would you need to earn if you wanted a $600 per month contribution to grow to $53,500 in six years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131933200

Questions Cloud

Commitment to the environment : Most advertising is product focused. However, companies like Exxon-Mobile advertise their commitment to the environment

Calculate the maximum monthly withdrawal : Anita Smith is retiring today with $1,279,450 in her retirement account. She expects to live 30 years in retirement, and plans to leave $1,000,000.

Prepare analysis indicating the difference in profitability : Prepare an analysis indicating the increase or decrease in total profitability if 15,000 additional running shoes and 10,000 additional golf shoes are produced.

Describe the purpose of each financial statement : Describe the purpose of each financial statement. Determine which one (1) is the most effective in communicating the financial health of an organization

What annual interest rate would you need to earn : What annual interest rate would you need to earn if you wanted a $600 per month contribution to grow to $53,500 in six years?

What are the five annual payments : Anderson Manufacturing? Co., a small fabricator of? plastics, needs to purchase an extrusion molding machine for ?$130,000. Kersey will borrow money.

Determine the minimum number of employees to schedule : Determine the minimum number of employees to schedule that meets the minimum staffing requirements.

How does society shapes family life : How does society shapes family life? Do you think families today have the same values as the more traditional families of the past? Why or why not?

Activities in the value chain of nintendo : What are the primary and support activities in the value chain of Nintendo?

Reviews

Write a Review

Required(*) Message

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 ..

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

User Account

All Pages