Accumulated some money for your retirement

Assignment Help Financial Management
Reference no: EM13980866

You have accumulated some money for your retirement. You are going to withdraw $91,026 every year at the beginning of the year for the next 18 years starting from today. How much money have you accumulated for your retirement? Your account pays you 10.39% per year, compounded annually, to answer this question; you have to find the present value of these cash flows

 

Round the answer to two decimal places.

Reference no: EM13980866

Questions Cloud

Which variables are significant at a 5% error level : Pick one of the variables that are significant at a 5% error level and explain what the slope estimate means (explain it in a way that someone outside the class would understand, and use the numerical value of the estimate in your answer.)
Determining monetary advantage of one investment opportunity : There are several accepted methods of determining the monetary advantage of one investment opportunity over another: The payback method; zero discount rate; net present value; internal rate of return; modified internal rate of return; etc. Discuss on..
Analysis of business of enetratinemnt article : Analysis of business of enetratinemnt article. Article- The Creative Apocalypse That Wasn't By STEVEN JOHNSON
What is the accumulated sum of the stream of payments : What is the accumulated sum of the following stream of payments? $27,416 every year at the beginning of the year for 5 years, at 4.46%, compounded annually.
Accumulated some money for your retirement : You have accumulated some money for your retirement. You are going to withdraw $91,026 every year at the beginning of the year for the next 18 years starting from today. How much money have you accumulated for your retirement? Your account pays you 1..
Opinion regarding impact on market share and the consumer : Why have tech firms with near monopolies in their own sectors sought to compete with tech firms that have extremely strong, near-monopoly positions in other sectors?
Accumulated sum of the stream of payments : What is the accumulated sum of the following stream of payments? $2,004 every year at the beginning of the year for 13 years, at 4.59%. compounded annually,
Brief physical description of your character : Conclude with a brief physical description of your character. (If you already included a physical description in your free writing then you are done!)
Better off paying earning in dividends rather than investing : Show that a firm with earnings of $10,000 a year in perpetuity would be better off paying all earnings in dividends rather than investing 25% of its earnings (also in perpetuity) in projects earning 14% if its discount rate is 15%

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