Calculate how much money you need to save per year

Assignment Help Financial Management

Reference no: EM131984155

Is there a set age when you would like to retire? Complete worksheet 2.3 based on this desired age for retirement.

Number of years from retirement: 43 years

Desired amount of retirement savings: $1 Million

Given a 5% annual interest rate, use the FVIFA table (page 434) or formula to calculate how much money you need to save per year. $______________

Given a 7% annual interest rate, use the FVIFA table or formula to calculate how much money you need to save per year. $______________

Given a 10% annual interest rate, use the FVIFA table or formula to calculate how much money you need to save per year. $______________

Reference no: EM131984155

Questions Cloud

Find the degrees of freedom for unequal variance test : a. Find the degrees of freedom for unequal variance test. (Round down answer to nearest whole number.)

Examine potential security risks : HI5019 - STRATEGIC INFORMATION SYSTEMS FOR BUSINESS AND ENTERPRISE - Identify the current gaps or challenges encountered by users or customers of accounting

Write a description about cloud technology : Write a description about Cloud Technology and BUSINESS ANALYSIS - CRM & ERP. The information which you provide should be related to IT Industry.

Develop detailed marketing plan for rainbow chicken limited : MBA667 - Strategic Marketing ASSIGNMENT BRIEF. You have to develop a detailed Marketing Plan for a company - Rainbow Chicken Limited Foods

Calculate how much money you need to save per year : Given a 5% annual interest rate, use the FVIFA table (page 434) or formula to calculate how much money you need to save per year.

State the decision rule : The sample mean was 12 and the sample standard deviation 4.3. Using the 0.1 significance level:

Discuss about the capital budgeting methodologies : The senior executives were impressed with your presentation on capital budgeting methodologies.

Determining the campus survey : A researcher conducts a survey to learn about the sexual behavior of college students on a particular campus.

Compute the realized rate of return for an investor : Seven years ago the Templeton Company issued 24-year bonds with a 12% annual coupon rate at their $1,000 par value.

User Account

All Pages