Find what annual rate of interest must earn on investment

Assignment Help Financial Accounting
Reference no: EM132551902

Assume the total cost of a college education will be $345,000 when your child enters college in 18 years. You presently have $55,000 to invest.

Question 1: What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

Reference no: EM132551902

Questions Cloud

Business cycles and the global economy : Why is it important for managers to understand business cycles and the global economy?
Formulate sound environmental policy : Are there ways to move science beyond a political debate to formulate sound environmental policy,
Find what was the rate of return on the investment : Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $480,000. What was the rate of return on this investment?
Address the impact of globalization : What proactive steps might be taken to address the impact of globalization?
Find what annual rate of interest must earn on investment : Assume the total cost of a college education, What annual rate of interest must you earn on your investment to cover the cost of your child's college education?
Collectively managing shared irrigation systems : History offers many examples of small groups of farmers collectively managing shared irrigation systems,
What cultural norms are you aware : What cultural norms are you aware of which have been recently challenged by the mixing of world cultures in the context of the SDA Church?
Calculate the ending ucc balance for forbi ltd : Forbi Ltd., with a taxation year that ends on December 31, Calculate the ending UCC balance in Class 8 for Forbi Ltd. in 2019.
Overview of economics of pollution control : In Chapter 5, Tietenberg & Lewis provide an overview of the economics of pollution control.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Complete with respect to conversion costs

Walborn Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 12,000 units, 100% complete with respect to materials cost and 30% complete with respe..

  What is the difference between the book and market value

If the company's total assets have a market value of $562,566 and a book value of $599,658, what is the difference between the book value and market value of its stockholders' equity?

  March 1 2014 pynchon issued 400000 face value 8 bonds dated

march 1 2014 pynchon issued 400000 face value 8 bonds dated 1st december 2013 for 437000 including accrued interest

  What is the contribution margin ratio

Companies Sunny, Rainey, Cloudy, Windy.- What is the Variable cost? and  What is the  Contribution margin ratio ? - What is the Fixed cost ?

  Module 11 what are the maturities on intels long-term debt2

module 11 what are the maturities on intels long-term debt?2 what are intels projected obligations on long-term debt

  Calculate his net wages

K. Blake is employed at the rate of £6 per hour. During the week to 25 May 2016 he works 35 hours. According to the tax and National Insurance tables he should pay income tax £28 and National Insurance £18. Calculate his net wages.

  Compare the financial outcomes of entering

Compare the financial outcomes of entering into a forward exchange contract and a money market hedge. Clearly show all your workings

  What is the average income earned by the project

Suppose that a project has an accounting rate of return = 50% and that the investment is $200,000. What is the average income earned by the project?

  What does the balance of the account represent

What does the balance of the account represent? Where should the account appear in Southwest Airlines' financial statements?

  When would they recognize the expense of the supplies

If Sooner uses the accrual basis of accounting when would they recognize the revenue from the installation. when would they recognize expense of the supplies.

  Computed the annual cost-variable production costs

Dawson Company produces and sells 80,000 boxes of specialty foods each year.The company has computed the following annual cost. Suppose Dawson has a surplus capacity to produce 8,000 more boxes. What will be the effect on Dawson's income if it accept..

  How charity can increase income from commercial activities

Advise on how the Charity can increase its income from commercial activities, fundraising events and donations along with examples.

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