How long will it take you to accumulate the necessary funds

Reference no: EM131928380

Question: You are saving money to purchase a cottage. You are looking to save $90,000 to apply as a down payment. You have $500 of disposable income that you can invest at the end of each month in a mutual fund. Assuming a rate of return of 8%, compounded semi-annually, how long will it take you to accumulate the necessary funds?

Reference no: EM131928380

Questions Cloud

What is the maximum amount that should be spent on tunnel : RR pays combined federal and state taxes at the 45% marginal rate and uses straight-line depreciation. If the after tax MARR is 12%.

Calculate the yield using a geometric average : Calculate the yield using a geometric average. do not round your intermediate calculations. round your answer to two decimal places.

What interest rate does the federal reserve directly control : Why is it common to speak about the Fed controlling interest rates, as if it controlled all of them?

One-year zero-coupon bonds and perpetuities : The annual interest rate is 7%. If the plan wants to fully fund and immunize its position, how much of its portfolio should it allocate to one-year

How long will it take you to accumulate the necessary funds : You are saving money to purchase a cottage. You are looking to save $90,000 to apply as a down payment. You have $500 of disposable income that you can invest.

What is the mirr for project m : Internal rate of return and modified internal rate of return. Quark Industries has three potential? projects, all with an initial cost of $1,700,000.

What might account for the difference : Net income for the year for Carrie, Inc. was $850,000, but the statement of cash flows reports that cash provided. What might account for the difference?

How many printers in total must be sold to break even : Total annual fixed costs are $5,250,000. Assume that sales mix remains the same at all levels of sales. How many printers in total must be sold to break even

Establish a delta-neutral position : If you are short one call option with strike price 51 and maturity 12 months how many shares of stock must you buy to establish a delta-neutral position?

User Account

All Pages