User Account

All Pages

How much cnd will mr paul deposit for the investment

Assignment Help Financial Accounting
Reference no: EM132958798

Mr. Paul is at the age of 25, and his friend David (an insurance/mutual fund broker) offered him a retirement savings plan investment opportunity. Please help Paul to calculate his initial investment amount for the financial product based on the following information.

a) Paul made the initial investment of XXXCanadian dollar at the age of 25;
b) When Paul turns his age to 45years (20years), Paul can invest additional cnd$1,000 each year before his retirement at the age of 65 (Another 20 years) for the life insurance;
c) When Paul retires at the age of 65, Paul finally can get annual amount of Cnd$20,000 for 20 years when Paul turns to the age of 85;
d) David/Insurance company assume the annual return is 7%

Problem 1: How much cnd$ will Mr. Paul deposit for the investment at the age of 25 (suggest to draw the timeline for this case) illustrate the numbers based on time value calculations step by step

Reference no: EM132958798

Questions Cloud

Describe substantive procedures should perform at audit : Describe substantive procedures you should perform at the final audit to confirm the completeness and accuracy of Aquamarine Co's payroll expense.
What is the highest price analyst trunk thinks : Under this set of assumptions, what is highest price analyst Trunk thinks the Walnut funds should be willing to pay for a share of Tupelo Turbine Corporation
Explain whether the financial statements require amendment : Thurman manufactures breakfast cereals and has three factories, Explain whether the financial statements require amendment.
Determine the materials price variance : The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Determine the materials price variance
How much cnd will mr paul deposit for the investment : How much cnd$ will Mr. Paul deposit for the investment at the age of 25 (suggest to draw the timeline for this case) illustrate the numbers based on time value
Problem - provide all the entries : Problem - Provide all the entries in 20x4. The directors have decided to issue 1,000 share options to an employee in lieu of many years' service
How much total profit could make in total dollars : If you could sell your private option on the public market, how much total profit/loss could you make in total dollars on the option grant your company gave you
What final payment will necessary at the end of three years : A consumer buys goods worth $840. She pays $84 down and will pay $420 at the end of 1 year. What final payment will necessary at the end of three years
Analyze reports generated by accounting software : Record transactions and events for the organization using accounting software. Analyze reports generated by accounting software.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Record the journal entries that would have been recorded

Record the journal entries that would have been recorded for the above information for the 2019 financial year. Employee benefit expense $000

  How much less interest will pay over the life

If they finance their home over 15 rather than 30 years at the same interest rate, how much less interest will they pay over the life of the loan?

  Compute the revised unit cost per share

Yultide, Inc. had the following transactions in the ordinary shares of May Corporation: Compute the revised unit cost per share

  Define earnings per share and importance

Give examples of business decisions where you use earnings per share. How do you use earnings per share in making business decisions?

  Determine balance in allowance for uncollectible account

Determine the balance in the Allowance for Uncollectible Accounts account after the adjusting entry is recorded. Prepare the adjusting entry on December

  Prepare the relevant journal entries for Division One

Prepare the relevant journal entries for Division One as at 30 June 20X4 to account for the reversal of the impairment loss

  Why would a company want to call bonds in and incur a loss

Why would a company want to call bonds in and incur a loss. Why aren't all bonds issued at par or stated valued? Wouldn't that be a lot easier

  Compute production activities deduction

Fred is an individual who has Domestic Production Gross Receipts (DPGR) of $100,000 and Modified Adjusted Gross Income of $50,000 in 2014. His COGS allocable to the DPGR is $50,000 and he has other direct and indirect costs allocable to DPGR of $10,0..

  Staples company completed all of its march 31 2011

staples company completed all of its march 31 2011 adjustments in preparation for compiling its financial statements

  Calculate the opportunity cost of the project

Calculate the opportunity cost of the project. Madetaylor Inc. manufactures financial calculators. The company is deciding whether to introduce a new calculator

  Comparative financial statements

Determine the following measures for 2014, rounding to one decimal place, except for dollar amounts

  Determine the contribution margin in dollars

Determine the contribution margin in dollars, per unit, and as a ratio.Using the contribution margin technique, compute the break-even point in dollars and in units.Compute the margin of safety in dollars and as a ratio.

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