What annual return will you need to earn to meet this goal

Assignment Help Finance Basics
Reference no: EM132000421

You plan on retiring in 30 years. You currently have $200,000 and think you will need $1,000,000 to retire. Assuming that you don't deposit any additional money into the account, what annual return will you need to earn to meet this goal?

Reference no: EM132000421

Questions Cloud

What is the value of your retirement plan : Given an 8 percent interest rate. What is the value of your retirement plan after the 40 years?
Recommendations of large consulting ?rms : 1. Why do recommendations of large consulting ?rms matter in investments?
How much can she draw monthly : Mildred Dean is considering her final retirement problem. She has accumulated $2,100,000. She is planning to invest the amount in a mutual fund that expects.
Present value and future value of uneven cash flows : Future value of uneven cash flows and Present value of uneven cash flows
What annual return will you need to earn to meet this goal : Assuming that you don't deposit any additional money into the account, what annual return will you need to earn to meet this goal?
Aftertax cash flow from this sale if the tax rate : Phil's Dinor purchased some new equipment two years ago for $89,500. Today, it is selling this equipment for $67,000. What is the aftertax cash flow
Perform a swot analysis for fitbit : Perform a SWOT analysis for Fitbit. What are the company's primary strengths and weaknesses? What external opportunities and threats exist?
What is the effective annual rate of the loan : You plan to get a 270-day $500,000 simple interest loan at 8%. What is the effective annual rate of the loan? Assume that a year is 360 days.
What determines the quantity of money demanded : In Milton Friedman's Modern Quantity Theory what determines the quantity of money demanded? Why are interest rates much less important than in the Keynesian.

Reviews

Write a Review

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 ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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