How many years will it take to reach your goal

Assignment Help Finance Basics
Reference no: EM131928231

Question: You have $42, 180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goal?

Reference no: EM131928231

Questions Cloud

How much overhead cost would be assigned to product : How much overhead cost would be assigned to Product N79A using the company's activity-based costing system?
What is the net present value of this product : If a company has a 16% discount rate, how do you use this for coming up with the net present value of a product with an initial investment of 170000
Develop real-world scenario to match theoretical investment : Come up with an investment (i.e., a series of cash inflows and outflows) that has an NPV curve with a positive slope, i.e., the NPV increases as rates increase.
How much must the lakeland symphony have in sales : The Lakeland Symphony would like to perform for a neighboring city. How much must the Lakeland Symphony have in sales dollars to earn a profit of $7,350
How many years will it take to reach your goal : You have $42, 180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000.
Prepare an income statement for shannon company : Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions.
Find the size of the monthly payments that joe will receive : Joe won a lottery prize of $200,000. Find the size of the monthly payments that Joe will receive
Compute the cost of ending work in process inventory : Compute the cost of ending work in process inventory and the cost of units transferred out of the department during June using the weighted-average method.
How much is the quarterly payment : You are considering taking out a loan to invest in a promising nanotechnology firm, which is designing miniaturized robots to repair micro-fractures.

Reviews

Write a Review

Finance Basics Questions & Answers

  How does the choice of lifo give rise to a tax benefit

If the choice of a cost flow assumption does not affect net income over the life of a business, how does the choice of LIFO give rise to a tax benefit?

  Dividend policy and cap structures

What is an event study designed to test? What role does par value play in the pricing and sale of common stock by the issuing corporation? Why do most firms assign relatively low par values to their shares?

  Stock prices and shares outstanding data stock

Consider the following stock prices and shares outstanding Data Stock Name Price per Share Shares outstanding (Billions)

  What is independent variable

What is your independent variable (include an operational definition for your independent variable with enough).

  What is the cost of royals retained earnings

The last dividend $1.20, and dividends are expected to grow at a 6% annual rate. Flotation costs on new stock sales are 5% of the selling price. What is the cost of Royal's retained earnings?

  Determine whether you should buy or sell the fra

You decide to take a speculative position in a FRA with a $1,000,000 notional value. There are 183 days in the FRA period. Determine whether you should buy or sell the FRA and what your expected profit will be if your forecast is correct about the si..

  What target fa/sales ratio should the company set

As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level it would have had had it been operating at full capacity. What target FA/Sales ratio should the company set?

  Discuss the stages in the product life cycle

Discuss the stages in the product life cycle for one of the following product categories:

  Which is the following are assets traded in financial market

Which one(s) of the following are assets traded in financial markets: (a) 6-month Libor (b) A 5-year Treasury bond (c) A FRA contract (d) A caplet (e) Returns on 30-year German Bonds (f) Volatility of Federal Funds rate (g) An interest rate swap

  Time value of money paper

Make a 700-1,050-word paper in which you discuss how annuities affect TVM problems and investment outcomes. In your paper, be sure to address the impact of the following items on TVM:

  Compute the cost of capital for the hscc project

Compute the cost of capital for the HSCC project that uses Dell as the appropriate comparison firm. Assume no taxes and no need for leverage adjustments.

  Distinguish between the front office and the back office

Distinguish between the front office and the back office of a derivatives dealer.- Explain why it is important to keep the front and back offices separate ?

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