User Account

All Pages

Expecting an inheritance

Assignment Help Finance Basics
Reference no: EM132557196

To meet your retirement goals (and pay for that big trip around the world) you will need $95,000 in your travel account at the end of 15 years.You are able to place $3500 in to the account at the end of each year.However, you know that this won't make it.Once the estate clears, you are expecting an inheritance from you late uncle in 5 years. (start the savings account now.. 5 years from now, you will have $ from uncle). If you can get a 4.8% rate on you account (PYCY)... how much do you need from you uncle to make work?

Reference no: EM132557196

Questions Cloud

What will be the npv of the project : Create the Cash flow table showing these costs and profits and the net cash flow.If the interest rate is 3.9%, what will be the NPV of the project?
What maintenance is required for fire detection alarms : Where would you put fire alarms? What maintenance is required for fire detection alarms? Would you use sprinklers? If so, where and why? Where would you locate.
What will be the required return on your portfolio : If you decide to invest $4,000 in Starbucks, $6,000 in Sears, $12,000 in Microsoft, and $3,000 in Limited Brands. What will be required return on your portfolio
How to create the journal entries to record the transactions : Prepare the journal entries to record the transactions. Jan 1 Issued for cash 62,500 preference shares at par, and 125,000 ordinary shares for P25
Expecting an inheritance : To meet your retirement goals (and pay for that big trip around the world) you will need $95,000 in your travel account at the end
Initial outlay for the project : You have to find the NPV for the company's project, assuming the company's cost of capital is 14.34 percent
Evaluate managements decision : Management is assessing the future cash flows in relation to an entity's assets, Evaluate management's decision
Can the liquidator sue roger for debts owing to company : Can the liquidator sue Roger for the debts owing to the company? Roger Rogue owned an Electrical Products business. Roger sold his business
Record the amount of cost of sale expense : The difference between closing stock and opening stock is $5,952. How to record the amount of cost of sale expense in the Trust tax return 2019

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd