User Account

All Pages

How many years until he can establish the foundation

Assignment Help Accounting Basics
Reference no: EM132166305

Problem - Steve Bogut just received a signing bonus of $980,400. His plan is to invest this payment in a fund that will earn 8%, compounded annually.

If Bogut plans to establish the AB Foundation once the fund grows to $2,879,621, how many years until he can establish the foundation?

Instead of investing the entire $980,400, Bogut invests $322,600 today and plans to make 14 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $2,879,621 foundation at the end of 14 years?

Reference no: EM132166305

Questions Cloud

What role interpreters can play in the international : What role interpreters can play in the international negotiations? What skills are necessary in international negotiation and how one prepares for it?
Technology service for your business : What would happen if you had a small tablet start-up business and you only had one person on call for service issues?
Why international negotiation is more complex : Why communication skills are crucial in the arena of international business? What are different types of international negotiations?
Determine the break-even probability of rain : Using the umbrella decision-making example on page 198 of the textbook, suppose the probability of rain is 0.6, the ruined clothes cost is $30.
How many years until he can establish the foundation : If Bogut plans to establish the AB Foundation once the fund grows to $2,879,621, how many years until he can establish the foundation
What is meant by return on quality : What is meant by return on quality? Why do you think that the concept evolved? Give an example.
Professional goals and achieve desired results : Choosing a career path can help you set professional goals and achieve desired results. In the area of Supply Chain, various career path are available.
What should they do according to the expected total payoff : In the clinic renovation example, what if management thinks that the likelihood of current demand remaining is 30%, the likelihood of a moderate increase.
Think about how you could improve your approach : Whether or not you voice your values at the time, use this opportunity to think about how you could improve your approach. Demonstrate your improved script.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd