Habit of saving money early in your life

Assignment Help Financial Management
Reference no: EM132070683

1. Describe at least three important aspects of courage in entrepreneurship.

2. Your parents urged you to begin a habit of saving money early in your life. He suggested that you put $10 a day into an envelope. If you follow his advice, at the end of the year you will have $3650 ( 365 x$10). Your parents further suggested that you take that money at the end of the year and invest it in an online brokerage mutual fund account that has an annual expected return of 8%.

You are 25 years old. If you start following your parents' advice today and continue saving in this way the rest of your life. How much do you expect to have in the brokerage account when you are 65 years old?

Reference no: EM132070683

Questions Cloud

What are the firm average and marginal tax rates : To calculate the corporation's tax liability. What are the firm's average and marginal tax rates?
How are you preparing for your career : UNIV 1000 How are you preparing for your career? Of course one way may be taking the courses or working in the major you are currently involved in.
Explain the clients risk tolerances : FIN 340: In this section, you will analyze your clients' financial documentation and determine their risk tolerance and objectives.
What positive qualities did your resume have : At the end of this week's discussion about resume revision, please write a mini-SWOC analysis of how things went for you. As usual, organize your analysis.
Habit of saving money early in your life : Your parents urged you to begin a habit of saving money early in your life. He suggested that you put $10 a day into an envelope.
What is a behavioral theory of leadership : What is a behavioral theory of leadership. Choose one of the behavioral leadership theories and explain it.
How many kanbans are required for the bakery : a) How many Kanbans are required for the bakery? b) What is the maximum authorized inventory?
Explain at least two ethical issues : GEN 499 - Explain at least two ethical issues related to each of those outcomes - Evaluate the ethical outcomes that result from your solution
Reflect upon your experiences throughout the course : What was the most surprising thing you learned about project management and why? What was the most challenging concept studied?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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