How many years will it take to reach your goal

Assignment Help Financial Management
Reference no: EM131506861

Suppose that you plan to retire when you have saved $1,000,000. If you can earn 11% on your money by investing in a stock mutual fund, how many years will it take to reach your goal if you add $5000 each year to your savings?

Reference no: EM131506861

Questions Cloud

What can be done to help americans : what can be done to help Americans make better decisions about their health? Use terms from this week's lesson or from your own research in the Herzing Library
What is pw of fuel cost for heating unit over a given period : A gas-fired heating unit is expected to meet an annual demand for thermal energy of 500 million Btu, and the unit is 80% efficient.
Training methods and techniques : Analyze the various training methods and techniques then compare and contrast when they are more or less effective in different situations.
What is the maximum she should be willing to pay : Consider Mirage, Inc., a firm that specializes in difficult-to-see processes. What is the maximum she should be willing to pay?
How many years will it take to reach your goal : how many years will it take to reach your goal if you add $5000 each year to your savings?
Functional manager in a matrix organization : 1. What are the responsibilities of the functional manager in a matrix organization?
What is the profession responsibility : After reading the article Intelligence: New Findings and Theoretical Developments. What is the profession's responsibility
Project management assignment : 1. Why is an autonomous project organization considered to operate like its own somewhat independent entity?
What is the aw in real dollars of owning the heat pump : A small heat pump, including the duct system, now costs $2,500 to purchase and install. It has a useful life of 15 years and incurs annual maintenance expenses.

Reviews

Write a Review

Financial Management Questions & Answers

  Result in the highest expected payoff to the firm

The manager for a growing firm is considering the launch of a new product. If the product goes directly to market, there is a 40 percent chance of success. For $90.000, the manager can conduct a focus group that will increase the product's chance of ..

  What determines the intrinsic value of financial security

What determines the intrinsic value of a financial security (ie. a stock, bond, etc)? - How is the intrinsic value arrived at? (ie. What kind of assumptions are required?) - How do we explain why analysts can come up with different valuations for the..

  Calculate the average collection period

Fitzgerald company has credit terms 2/15, n60. The historical payment patterns of its customers are as follows: 40 percent of customers pay in 15 days. 57 percent of customers pay in 60 days. 3 percent of customers pay in 100 days. Annual sakes are $..

  Analysts estimate a market beta for the hospital project

Assume that Community Health Systems (CHS) is evaluating the feasibility of building a new hospital in an area not currently served by the company. The company's analysts estimate a market beta for the hospital project of 1.1, which is somewhat highe..

  Accusoft systems offers business owners software package

The company "Accusoft Systems" offers business owners a software package that maintains the records of many accounting functions from sales bills through bank transactions. The site license costs $ 22,000 per installation concept and involves a fee o..

  Collect money from the insurance policy

Tom tells Bob that he will pay Bob $5,000 to put a cherry bomb in his gas tank so that Tom can collect money from the insurance policy on a new, cherry red sports car. If Bob carries out Tom’s wishes and places a cherry bomb in the gas tank of Tom’s ..

  Comment on hedge effectiveness

The time to maturity of the first option is 20 weeks, and the strike price of the first option is 0.015. The second option matures 40 weeks from today and has a strike price of 0.68. Explain how you modified the cells. Comment on hedge effectivene..

  Calculate the npv of the order

The Branding Iron Company sells its irons for $50 a piece wholesale. Production cost is $40 per iron. There is a 25% chance that wholesaler Q will go bankrupt within the next year. Q orders 1000 irons and asks for six months' credit. Assume that the ..

  Dividend payout ratio is expected to remain constant

McDonald’s last year EPS was $5.55 and it is expected to grow at 2% for next 2 years and at 1.5% for next 2 years. Year 4 dividend is expected to grow at a 1% in perpetuity. Dividend payout ratio is expected to remain constant at 60%. If cost of equi..

  Which bond will you buy and which bond will you short sell

Are you betting that rates are going to converge or diverge? Why? - Which bond will you buy and which bond will you short-sell?

  About the sells equipment

During the current year, Hugo sells equipment for $150,000. The equipment cost $175,000 when placed in service two years ago, and $55,000 of depreciation deductions were allowed. The results of the sale are (how much gain and what rate is it taxed at..

  Formulation of financial econometric models

Describe three types of data of which financial econometricians might use for analysis. Explain the steps involved in the formulation of financial econometric models. Explain why unit root testing is important for time series data.

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