How much are the annual gifts to grandchild

Assignment Help Financial Management

Reference no: EM131952871

You have $152100 to give to your grandchild. Rather than give the entire $152100 today, you decide to give her an annual gift for the next 12 years starting next year. If your savings account pays 1% compounded annually, how much are the annual gifts to your grandchild?

State your answer with just the number and no dollar sign or commas (e.g., 14254)

Round your answer to the nearest dollar.

Reference no: EM131952871

Questions Cloud

Converting dollars into euros : Circle the correct quote to use. You are converting dollars into euros. What is the nominal return? What is the inflation rate?

You will invest your savings in risk free treasury notes : You will save 5% of your gross income each year. You will invest your savings in risk free treasury notes that are expected to yield 3% each year.

Tenants have to pay per square foot for cam charges : If the retail mall’s owner would like to recover all CAM expenses from tenants, how much will in-line tenants have to pay per square foot for the CAM charges.

What portion of triathlon does dan have relative : what portion of the triathlon does Dan have a relative comparative advantage? Explain

How much are the annual gifts to grandchild : If your savings account pays 1% compounded annually, how much are the annual gifts to your grandchild?

Sold lemonade summer to help pay for trip to disney world : An enterprising 5-year old sold lemonade all summer to help pay for a trip to Disney World.

Local currency denominated long-term bonds : Suppose you want to estimate the risk-free rate for country X. Country X has local currency denominated long-term bonds.

Who is liable for premature payment on postdated checks : Who is liable for premature payment on postdated checks? Does a holder in due course have protection against all defenses or only certain defenses?

What is total after tax cash flow : If the company's tax rate is 33, what is the total after tax cash flow that will result from selling this asset?

User Account

All Pages