His investment account each month to reach his goal

Assignment Help Financial Management
Reference no: EM131596515

At the end of 14 years, your friend wants to have $10,129 saved for a down payment on a house. He expects to earn 12%—compounded annualy—on his investments over the next 14 years. How much would your friend have to put in his investment account each month to reach his goal?

Reference no: EM131596515

Questions Cloud

Discuss the break-even analysis techniques : Return on investment (ROI) and break-even analysis are used by businesses to determine the value of a proposed investment or make decisions.
Compute the present value of future cash flow : The interest rate used to compute the present value of a future cash flow is called the:
What are some real or potential applications : Critically reflect on the importance of present and future values. What are some real or potential applications of these concepts
Explain how each item on checklist helps evaluate a study : Explain how each item on checklist helps evaluate a study. Checklist should be clearly worded. A person using it should not have to ask for an explanation.
His investment account each month to reach his goal : How much would your friend have to put in his investment account each month to reach his goal?
Interest-only mortgage-what will the monthly payments be : An “interest-only” mortgage is made for $100,000 at 10 percent interest for 10 years. What will the monthly payments be?
Calculate the depreciation : Wrote a cheque to All-Technics for a new cash register $3,740 (including GST). How do I calculate the depreciation
What types of products are well-suited for an auction market : At what points in the product life cycle can auction markets prove beneficial for marketers? Have you ever participated in an online auction?
Create a jsp that will display a multiplication chart : Create a JSP that will display a multiplication chart back to the user - A HTML page that asks the user to enter the number to multiply and up

Reviews

Write a Review

Financial Management Questions & Answers

  What are the arithmetic and geometric returns for the stock

A stock has had the following year-end prices and dividends: What are the arithmetic and geometric returns for the stock?

  What is the beta of stock

Your portfolio has a beta of 1.12. The portfolio consists of 40 percent U.S. Treasury bills, What is the beta of stock B?

  How does given compare to cap rates for the comparables

If Rose Garden is acquired for $27,000,000, what would be the "going-in" cap rate at that price? How does this compare to cap rates for the comparables?

  What factors may prompt a bond to sell at a premium

Often, bonds that had been previously issued, sell at a premium. What factors may prompt a bond to sell at a premium?

  The extended version of the percentage of sales method

The extended version of the percentage of sales method:

  What is the purpose of a dealer reserve in indirect lending

What is the purpose of a dealer reserve in indirect lending? When is a bank at risk with indirect loans?

  Are the market cross rates sustainable

find out the home made cross rates for S(€/£). Are the market cross rates sustainable?

  Determine the rate of return on the atlas mower

Don Garlits is a landscaper. He is considering the purchase of a new commercial lawn mower. Two machines are being considered, the Atlas and Zippy. The table shown below provides all necessary information for the two machines. The minimum attractive ..

  What is company target debt–equity ratio

What is the company’s target debt–equity ratio?

  Price based on constant-growth dividend discount model

A stock offers an expected dividend of $3.50, has a required return of 14%, and has historically exhibited a growth rate of 6%. Its current price is $35.00 and shows no tendency to change. How can you explain this price based on the constant-growth d..

  How much do you need to invest into an account today

How much do you need to invest into an account today with 7% monthly compounded interest in order to have $500,000 fifteen years from now? You are the owner of the New Orleans Saints. Let's say you take out a loan for $250 million to build new luxury..

  How does governments fiscal policy affect economic growth

How does economic growth affect stock prices? What are some popular indicators of economic growth? How does the government's fiscal policy affect economic growth?

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