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Calculate annual investment to meet retirement target
Use worksheet 14.1 to help Andy and Rachel Cutler, who'd like to retire while the'ye still relatively young- in about 20 years both have promising careers, and both make good money. As a result they're willing to put aside whatever is neccessary to acheive a comfortable lifestyle in retirement. Their curent level fo household expenditures (excluding savings is around 76.000 a year and they expect to spend even more in retirement,they think they will need about 125% of the amount {Note 125% equals a multiplier fact of 1.25). Thet etimate that their social security benefits will amount to 24000 a year in todays dollars and thell recieive another 340000annually frome their company pension plans. they feel that future inflations will amount to about 3% a year and they think theyll be able to earnabout 6%on their investments before retirement and about 4% after ward see appendix A and appendix B
use worksheet 14.1 to find out how big andy and rachael investment nest egg will have to be. Round to the nearest dolar
How much theyll have to save annually to accumulate the needed amount within the next 20 years round awnser to the nearest dallar
The Stack has just written and recorded the single greatest rock song ever made. The boys in the band believe that the royalties from this song will pay the band a handsome ?$200,000 every year? (at the end of the? year) forever. What should the reco..
Steve’s Sub Stop (Steve’s) is considering investing in toaster ovens for each of its 120 stores located in the southwestern United States. The high-capacity conveyor toaster ovens, manufactured by Lincoln, will require an initial investment of $15,00..
Suppose your portfolio mirrors S&P500 index and is valued currently at $1,000,000. The S&P 500 index is currently at 2,000. What action is needed to provide protection against the value of the portfolio falling below $950,000 in 6 months?
The spot exchange rate is 1.57 dollars per pound. The 30-day forward exchange rate is .6211 pounds per dollar. Therefore, pounds in the forward market are selling at a ________ to the current spot rate.
A bond that has $,000 par value (face value) and a contract or coupon interest rate of 6 percent.
A retailer purchases goods that have a list price of $7,500. The manufacturer allows a trade discount of 40-25-10 and a cash discount of 2/10, net 30. If the retailer takes both discounts, how much is paid to the retailer’s vendor?
Construct a price-weighted index for these three stocks, and compute the percentage change in the index for the period from T to T + 1.
Suppose you bought a bond with a coupon rate of 8.9 percent one year ago for $912. The bond sells for $956 today. Required: (a) Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? What was your total..
Simpson Conglomerates borrows $12,000 for a short-term purpose. The loan will be repaid after 120 days, with Simpson paying a total of $12,400. What is the approximate cost of credit using the APR, or annual percentage rate, calculation?
The total market value of Okefenokee Real Estate Company's equity is $6 million, and the total value of its debt is $4 million. The treasurer estimates that the beta of the stock currently is 1.2 and that the expected risk premium on the market is 5%..
In this module we examine the time value of money. This concept can also be used to plan an individual’s retirement account. Assume some amount of monthly contributions, employer matching added in, assumed average annual earnings, and the expected n..
You just purchased a corporate bond that matures in 5 years, has an 8% coupon, and has a current yield of 8.21%. What is the bond's yield to maturity? A corporate bond that matures in 7 years sells today for $1,020 and has a yield to maturity of 10.5..
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