What annual interest rate would you require to reach goal

Assignment Help Financial Management
Reference no: EM131883534

Solve the problme given below

In 30 years, you would like to retire with $1,000,000 in savings.

Assuming that you had $90,000 to invest, today, what annual interest rate would you require to reach your goal?

Reference no: EM131883534

Questions Cloud

Identity of place : What do the stories of what or who is associated with a place have to do with the identity of that place?
What is the net income for sugarpovas tennis shop inc : Y3K, Inc., has sales of $4,700, total assets of $2,955, and a debt-equity ratio of 1.20. If its return on equity is 17 percent, what its net income?
Compute unit product cost that would appear on the job cost : Compute the unit product cost that would appear on the job cost sheet for this job, show work please.
Indicate a person true nature : In the poem "St. George," poet Nancy Senior uses the dragon as an irony to satirize the knight's arrogance. From the contrast between the usual belief
What annual interest rate would you require to reach goal : Assuming that you had $90,000 to invest, today, what annual interest rate would you require to reach your goal?
Discuss the application of the administrative functions : Our readings this week discuss the application of the administrative functions of Planning, Organizing, Directing and Controlling in a public safety role.
What annual rate of return is the investment offering : What is the expected rate of return for the paper company's investment ?What annual rate of return is the investment offering?
What is the amount of gain or loss recognized on the sale : What is the amount of gain or loss recognized on the sale of the land contributed by Jessica? What is the character of this gain or loss?
Discuss the function of education to the society : Discuss the function of education to the society. Describe the relationship between the family and the school and the community.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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