What annual rate of interest must you earn on investment

Assignment Help Finance Basics

Reference no: EM131938494

Question: Assume the total cost of a college education will be $340,000 when your child enters college in 18 years. You presently have $54,000 to invest.

What annual rate of interest must you earn on your investment to cover the cost of your child's college education? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131938494

Questions Cloud

What is the fair value : If the law of one price holds, what is the fair value of a 3-year coupon bond with a face value of $100?

Write assembly language program that write out two strings : Write an Assembly Language program that will write out two strings. The first string will be defined in the data segment.

How much is the stock worth today : Suppose the stock is expected to grow at a rate of 15% for the next five years that it started paying dividends, then slows to a long-term growth rate of 5%.

What should be the stock market value : If the required return on this stock is currently 8%, what should be the stock's market value? Show work please

What annual rate of interest must you earn on investment : What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

Prepare a class diagram to illustrate your computer class : Prepare a class diagram to illustrate your Computer class. Prepare the source code that implements your Computer class.

Determining the stock total return for the coming year : What is the stock's expected capital gains yield for the coming year? What is the stock's total return for the coming year?

Company capital gains yield and dividend yield : The long-run growth rate for the company is a constant 5%. What is the company's capital gains yield and dividend yield? Show explanation

What is the potential down side to this strategy : What is the potential down side to this strategy?Explain how your job satisfaction or dissatisfaction can be directly linked to the attitude of others.

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