How much do you need to invest each month over

Assignment Help Basic Statistics
Reference no: EM132147179

You can invest money each month at 6 percent interest compounded monthly over the next 30 years.

In 30 years, you will take all the money you invested and put it into an account earning 8 percent compounded monthly.

Then you will start taking out $2000 a month for the next 15 years until your account runs out of money.

How much do you need to invest each month over the next 30 years? (please show work)

Reference no: EM132147179

Questions Cloud

Percent debt capital structure : The firm is considering switching to a 15-percent debt capital structure, and has determined that they would have to pay a 11 percent yield on perpetual debt
Find 4m levered and unlevered cost of capital : Suppose firm's equity cost of capital is 12%, its debt cost of capital is 5%, and the corporate tax rate is 30%.
Standard deviation of the micron portfolio of new projects : Each of these projects is independent of all others. Find expected return and standard deviation of the Micron's portfolio of new projects.
Economic issue in the healthcare industry : What is a financial and economic issue in the healthcare industry?
How much do you need to invest each month over : How much do you need to invest each month over the next 30 years? (please show work)
How much will you be willing to pay for the stock : If you required return on this investment is 11%, how much will you be willing to pay for the stock?
What must your required return be on the stock : The most recent dividend was $1.5 and dividends are expected to grow at a rate of 7% indefinitely. What must your required return be on the stock?
How do treatments and outcomes differ for the two disorders : 2. Compare risk factors for anorexia nervosa and bulimia nervosa. How do treatments and outcomes differ for the two disorders?
What area would you urge him to fund for crime control : What area would you urge him to fund for crime control? List three of your top areas that you would like to see funded? Why?

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is standard deviation of weights of given new romans

The researchers produce a new variety with a mean weight of 75 grams, which meets the 4% goal. What is the standard deviation of the weights of these new Romas?

  Fishermen have suffered financial hardship

In recent years, fishermen have suffered financial hardship because of shortened fishing seasons, reduced catches and lower market prices. Moreover, fishermen have complained about price fluctuations and have called for a system of minimum prices.

  Only using standard six sided dice andor a standard deck of

only using standard six sided dice andor a standard deck of playing cards create a casino game that has all of the

  Find the probability of exactly three successes

A random variable follows a binomial distribution with a probability of success equal to 0.65.

  What advice would you give to dean based upon your analysis

MTH410- What advice would you give to the dean based upon your analysis of the data? Focus your advice on answering the following: What is the magnitude of the issue? What would you recommend for both students and faculty?

  Interpret the components of the given minitab output

Random samples consisting of 15 male counselors and 17 female counselors have been selected, and the results examined through the use of ANOVA. In terms of this situation, interpret the components of the following Minitab output.

  Explain the reasons for using questions

Explain the reasons for using questions when making a sales presentation. Discuss the rules for questioning that the salesperson should follow.

  Expected demand based on relative frequency

A video rental store has two video cameras available for customers to rent. Historically, demand for cameras has followed this distribution:

  Point estimation of the mean price of all homes

A sample of 120 homes sold recently in a big city gave the mean price of homes equal to $270,000 and the standard deviation equal to $70,000. (a) What is the point estimate of the mean price of all homes in the big city?

  A multiple regression line was calculated in which x1 was a

1. a multiple regression line was calculated in which x1 was a students grade point average and x2 was a students age.

  How many different teams of 4 can be selected

The team must have two women and two men. How many different teams of 4 can be selected?

  Over time and becomes a visual record of a community

1. Use examples to explain why it is especially important to know the purpose and function of African artwork in order to understand it. 2. How is pattern used to enhance cultural identity at Nankani compound, Sirigu, Ghana? What kinds of pattern..

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