How many years will it take to reach your goal

Assignment Help Financial Management

Reference no: EM13976122

Number of Periods of an Annuity You have $30,934.29 in a brokerage account, and you plan to deposit an additional $4,500 at the end of every future year until your account totals $200,000. You expect to earn 11.2% annually on the account. How many years will it take to reach your goal?

Reference no: EM13976122

Questions Cloud

The after-tax incremental cash flow : You are trying to decide whether to accept or reject a one-year project. The project is estimated to generate $5,000 in incremental gross profit, which includes $200 in depreciation. Incremental SG& A expense is $400. At a 35% tax rate, the after-tax..

Calculate the present value of the cash inflows of project : Southern California Publishing Company is trying to decide whether to revise its popular textbook, Financial Psychoanalysis Made Simple. The company has estimated that the revision will cost $85,000. If the company requires a return of 10 percent for..

What is the present value of an annuity : What is the present value of an annuity of $7,100 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 7 percent.

Assuming you contribute no additional savings : You are saving money for a down payment on a house. Suppose you want to have total savings of $20,000 in 10 years time and you have currently $5,000. What annual interest rate do you need to earn on your initial investment, assuming you contribute no..

How many years will it take to reach your goal : Number of Periods of an Annuity You have $30,934.29 in a brokerage account, and you plan to deposit an additional $4,500 at the end of every future year until your account totals $200,000. You expect to earn 11.2% annually on the account. How many ye..

Disputing the value and the quality of the services : You agreed to provide consulting services to ABC Corporation. The agreed price to be paid to you for these services is $90,000. You have performed the service, have requested payment, and ABC Corporation has refused payment disputing the value and th..

What is the present value of a growing perpetuity : What is the present value of a growing perpetuity that makes a payment of $100 in the first year, which thereafter grows at 3% per year? Apply a discount rate of 7%.

Commonly forecasted as a percent of sales : Which of the following is commonly forecasted as a percent of sales:

Ratios appears on a common-size balance sheet : Which of the following ratios appears on a common-size balance sheet? I. Debt to asset ratio II. Net working capital to total assets III. Net profit margin

User Account

All Pages