Solution-How much do you need to save each year

How much do you need to save each year

Assignment Help Managerial Accounting

Reference no: EM132849710

Question - In 30 years, you plan to set up a fellowship fund for your university that pays out $100,000/year in perpetuity with an annually compounded discount rate of 5%. In order to set up the fund in 30 years, how much do you need to save each year (starting this year) assuming you can get a semi-annually compounded return of 10% on your savings for the next 30 years?

Reference no: EM132849710

Questions Cloud

What does levine mean by the term low-touch or high-violence : What does Levine mean by the term "low-touch/high-violence"? What are some of the consequences laid out by Levine for this type of society?

Find the ending inventory using the average cost method : Sales for the year totaled 267 units, leaving 24 units on hand at the end of the year. Find the ending inventory using the average cost method

What are the main symbols used in the old man and the sea : What are the main symbols used in The old man and the sea? Write an essay about the theory of the mimesis in both Plato and Aristotle.

Different editorial perspectives of dataset : Identify a chart type that could be used to display different editorial perspectives of your dataset and explain why you felt it to be appropriate.

How much do you need to save each year : How much do you need to save each year (starting this year) assuming you can get a semi-annually compounded return of 10% on your savings for the next 30 years

Differences between accreditation and certification : What are the differences between accreditation and certification? Why are both important?

Do support cutter proposal : Do you support Cutter's proposal or do you think that the Federal taxpayer covering 75% or more of the recovery cost is the appropriate level?

What is the value of the total assets : Question - A firm has total debt of $1,360 and a debt-equity ratio of .21. What is the value of the total assets

Consider the consequences for non-compliance : Explain PCI compliance to the database administrator at a large retailer. Consider the consequences for non-compliance.

User Account

All Pages

How much do you need to save each year

Reference no: EM132849710

Reference no: EM132849710

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT