Find how much he shall have to save and invest monthly

Assignment Help Operation Management

Reference no: EM132203346

Assume Sajid Rashid is 25 years old now, and will retire at the age of 60. He wishes to plan the following. 1. Save Dh. 1200,000 for his son is educational expenses for the next 25 years. 2. Save Dh. 900,000 for his daughter's marriage which he thinks will be after 15 years from now 3. He shall go on world tour two years after his retirement, and he has calculated a cost of Dh. 2000,000 for this. 4. He will need Dh. 50,000 each month after his retirement for the next 20 years. Find how much he shall have to save and invest monthly to meet all of the above expenditures if wants to save from today till his retirement. Assume a rate of return of 12% throughout the whole period.

Reference no: EM132203346

Questions Cloud

Hamburger buns from national bakery supplier : A fast-food restaurant buys hamburger buns from a national bakery supplier. How much should be ordered each time to minimize the restaurant’s total annual cost

Monique was licensed to train massage therapists : DUI Charge. Monique was licensed to train massage therapists. Which of following would have reached decision at her hearing before the administrative agency?

Dogs and formals-age discrimination in employment act : Dogs and Formals. Paul owns dog grooming business and needs patient people to work there. He is guilty of violating the Age Discrimination in Employment Act.

Define how supply chain relationships are managed : Describe and provide an example of the two key dimensions that differentiate and define how supply chain relationships are managed.

Find how much he shall have to save and invest monthly : Find how much he shall have to save and invest monthly to meet all of the above expenditures if wants to save from today till his retirement.

Sort of entitlement is learned behavior : Do you think that this sort of “entitlement” is a learned behavior or a cultural expectation? Thoughts?

What constitutes valid writing in the ucc : What constitutes a valid writing in the UCC is the same in the statute of frauds.

State had no state equal opportunity commission : Her lawsuit was properly filed because her state had no state Equal Opportunity Commission.

What your most deeply-held values and goals : When you feel comfortable that you know what your most deeply-held values and goals are, create your personal mission statement and share it to discussion board

User Account

All Pages