User Account

All Pages

How much money do you have to save in that fund

Assignment Help Financial Management
Reference no: EM131200796

You want to save money to retire one day and live well out of a monthly pension. With this in mind, you have decided to save a certain amount, every month, until you are 50 years old, so when you are 50 years and 1 month old, you will receive 2500 dollars, every month for the rest of your life.

If you turned 25 years old today, and want to start today to save that certain amount of money in a fund that offers a 7% effective annual interest rate.

How much money do you have to save in that fund every month in order to make your retirement dream come true?

Reference no: EM131200796

Questions Cloud

Examine the organizational mind-set : Evaluate the types of learning in projects. Evaluate the organizational infrastructure for managing high-uncertainty projects. Use technology and information resources to research issues in managing project risk.
Television and subway ads : City officials attribute the lower smoking rate to factors including a cigarette tax increase, a ban on workplace smoking, and television and subway ads that graphically depict tobacco-related illnesses.
Explain the motivations of unilever in acquiring inmarko : Explain the motivations of Unilever in acquiring Inmarko. Identify the risks Unilever faces in using acquisition as a mode for growth, as opposed to other modes discussed in the chapter.
What is the cost of an apple and an orange : James bought 5 apples and 10 oranges for $4. Donald bought 3 apples and 9 oranges for $3. The shop keeper strictly told that there will not be any discounts. What is the cost of an apple and an orange?
How much money do you have to save in that fund : How much money do you have to save in that fund every month in order to make your retirement dream come true?
How many alcohol-related accidents were expected : The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by p = 8 + 7e^(-2t) + te^(-2t). What is the average price of the commodity over the 4-week period from t = 0 to t = 4?
Analyze the facets of organizational culture : Analyze the facets of organizational culture, including influences and functions, challenges related to changing the culture, and the impact of culture on organizational performance.
What is the combined median for exam : A professor took a sample of 194 students from her morning class and 131 in the evening class. On the 1st exam, all those sampled from the morning class got 64 while those sampled from the evening averaged to 71 with a variance of 179. If the two ..
Design two day training program for group of twenty employee : Design a two day training program for a group of twenty employees. Identify two to three training needs though a Training Needs Analysis (TNA) and justify an approach for this training.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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