Complete business program-including tuition-costs of living

Assignment Help Financial Management

Reference no: EM13848996

Raul's friend wants to fo to business school. While his father will share some of the expenses, Zach will still needs to put in the rest of his own. But Zach has no money saved for it yet. According to him, it will take him $16,391 to complete the business program, including tuition, costs of living, and other expenses. He has decided to deposit $5000 at the end of every year in a mutual fund, from which he expects to earn a fixed 9% rate of return. Approximately, how much will it take for Zach to save enough money to go to business school?

Reference no: EM13848996

Questions Cloud

Tackle the problem of nitrates in the water : Suppose El Centro California decides to tackle the problem of nitrates in the water. Nitrates are compounds derived from synthetic fertilizers that are not assimilated by plants and leached out into the underground water and affect the human health. ..

What rate should shop report-what is effective annual rate : Ricky Ripov’s Pawn Shop charges an interest rate of 15 percent per month on loans to its customers. Like all lenders, Ricky must report an APR to consumers: What rate should the shop report? (Round your answer as directed, but do not use rounded numb..

What is the projects operation cash flow for first year : The financial staff od Carin Communications has identified the fallowing information for the first year of the roll-out of its new proposed services: The company faces a 40% tax rate. What is the project’s operation cash flow for the first year (t=1)..

What is the investment outlay : Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $17 million, and production and sales will require an initial $5,000,000 investment in net operating working capital. The company tax rate is 40%. Wha..

Complete business program-including tuition-costs of living : Raul's friend wants to fo to business school. While his father will share some of the expenses, Zach will still needs to put in the rest of his own. But Zach has no money saved for it yet. According to him, it will take him $16,391 to complete the bu..

An efficient market is one in which no one ever profits : An efficient market is one in which no one ever profits from having better information than the rest. Discuss this statement and whether or not you find this to be true, false or are you uncertain. Why?

Net income is company expected to pay out as dividends : Lucky Inc. has a target capital structure of 53% common equity and 47% debt to fund its 5 billion in operating assets. Its WACC is 12%. Its before tax cost of debt is 9.89%. Its tax rate is 35%. What is the expected growth rate of the company? If the..

Stated Rate Number of times compounded EAR : Find the APR, or stated rate, in each of the following cases. (Use 365 days in a year. Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations.

Rounded numbers in intermediate calculations : Find the EAR in each of the following cases (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).)

User Account

All Pages