Expense needs over the next three years

Assignment Help Finance Basics
Reference no: EM13680128

Beginning three months from now, you want to be able to withdraw $2,700 each quarter from your bank account to cover college expenses over the next three years. If the account pays 0.49 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next three years?

Reference no: EM13680128

Questions Cloud

Magnitude and direction of the electric field : A straight, non conducting plastic wire 7.50cm long carries a charge density of 130nC/m distributed uniformly along its length. It is lying on a horizontal tabletop. Discover the magnitude and direction of the electric field this wire produces at a p..
Sheet of transparent material by parallel sides : A ray is incident on a sheet of transparent material by parallel sides. The angle of incidence is 60° and the thickness of the sheet is t = 1.40 cm. As the ray passes during the sheet, it is displaced x = 0.650 cm from its original direction of motio..
Discuss the relationship between employee benefit : 1. Discuss the relationship between employee benefit justice perceptions by employees and employee benefit practices by employers, including the consequences of reneging and incongruence.
What is the present value of your winnings : What is the present value of your winnings?
Expense needs over the next three years : Expense needs over the next three years
Compare and contrast an aggressive : Compare and contrast an aggressive and conservative asset mix strategies
What force acts on the wire : A wire 35 cm long is parallel to a 0.53-T uniform magnetic field. The current during the wire is 4.5 A. What force acts on the wire?
A stream of doubly ionized particles : A stream of doubly ionized particles (missing two electrons and therefore carrying a net charge of two elementary charges) moves at a velocity of 3.0 x 104 m/s perpendicular to a magnetic field of 9.0 x 10-2 T. What is the magnitude of the force acti..
What is the strength of the magnetic field : A wire 1.50 m long carrying a current of 10.0 A is at right angles to a uniform magnetic field. The force acting on the wire is 0.60 N. What is the strength of the magnetic field?

Reviews

Write a Review

Finance Basics Questions & Answers

  Calculate pv of future salary-fv of savings

Mike Polanski is 30 years of age and his salary next year will be $40,000. If the discount rate is 8 percent, what is the PV of these future salary payments?

  Yield curve strategies

Yield Curve Strategies

  Distinguish between project and parent perspectives

Distinguish between project and parent perspectives when capital budgeting in a global situation.

  What is their cost of retained earnings

A firm's new bonds will have a 13% current yield. The current price of common shares is $40.00; the most recent dividend (D0) was $2.00. The firm's tax rate is 35%. The firm is expected to grow at 9% for the foreseeable future. What is their cost ..

  Estimate a range of milliamperes

Use the empirical rule to estimate a range of milliamperes centered about the mean in which about 95% of the experimental group will have a threshold of pain.

  Research bank of america and access the companys web page

research bank of america and access the companys web page on the internet to read their most recent annual report. the

  Calculate the mirr of project using reinvestment approach

Calculate the MIRR of the project using the reinvestment approach method. Calculate the MIRR of the project using the combination approach method.

  Firm a intends to form a new division which will

firm a intends to form a new division which will effectively double its assets. the firm is currently financed entirely

  Suppose you invest equal amounts in a portfolio with an

suppose you invest equal amounts in a portfolio with an expected return of 16 and a standard deviation of returns of 20

  If a stocks pe ratio is 135 at a time when earnings are 3

if a stocks pe ratio is 13.5 at a time when earnings are 3 per year what is the stocks current

  Ipo advantages and disadvantages

Discuss some of the advantages and disadvantages of going public. Have you been with an organization during the time it went public? If so, describe your experience.

  Briefly explain the difference in the manner

Identify the fundamental distinction between a futures contract and an option contract, and briefly explain the difference in the manner that futures and options modify portfolio risk.

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