Solution-How much does he need to invest

How much does he need to invest

Assignment Help Finance Basics

Reference no: EM131077611

Dan would like to save $2,000,000 by the time he retires in 40 years and believes he can earn an annual return of 8%. How much does he need to invest today to achieve his goal?

Show all work.

a. $136,000

b. $92,000

c. $134,000

d. $625,000

e. $92,060

Reference no: EM131077611

Questions Cloud

Write about forest stewardship council and fair trade : Write about SA-8000, Forest Stewardship Council, Marine Stewardship Council and Fair Trade.

Year-long newspaper subscription : In 1983, a year-long newspaper subscription cost $12.75. Today, a year-long newspaper subscription costs $28.50. If the CPI is 193, what is the relation of the actual price of a year-long newspaper subscription to the expected price, to the neares..

Amount of capital spending for the past three years : Select a company (LG) and a competitor and access the last three years' annual reports. Using the annual reports of both companies, please answer 3 questions:

What makes psychology a science : Choose five different divisions of psychology in which you are interested. Include an explanation of each division as well as three possible careers. What makes psychology a science?

How much does he need to invest : Dan would like to save $2,000,000 by the time he retires in 40 years and believes he can earn an annual return of 8%. How much does he need to invest today to achieve his goal?

Find the number of rabbits present in the island initially : Find the number of rabbits present in the island initially (at t = 0).

Common stock valuation : The common stock of NCP paid $1.21 in dividends last year. Dividends are expected to grow at an annual rate of 5.40 percent for an indefinite number of years.

Analyze the dual relationships presented in your scenario : A psychologist is seeing a client in therapy. The client tells him she can no longer pay for sessions. He has been struggling to deal with the paperwork imposed by managed care and billing. He suggests that the client can work for him 2 days per w..

Npv-pi and irr calculations : Fijisawa, Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be $1,960,000, and the project would generate cash flows of $380,000 per yea..

User Account

All Pages

How much does he need to invest

Reference no: EM131077611

Reference no: EM131077611

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT