User Account

All Pages

How much money do you need to put into the account today

Assignment Help Finance Basics
Reference no: EM13487639

1.Your daughter is currently eight years old. You anticipate that she will be going to college in 10 years. You would like to have $100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 3% per year, how much money do you need to put into the account today to ensure that you will have $100,000 in 10 years?

2.You are thinking of retiring. Your retirement plan will pay you either $250,000 immediately on retirement or $350,000 five years after the date of your retirement. Which alternative should you choose if the interest rate is

a. 0% per year?

b. 8% per year?

c. 20% per year?

Reference no: EM13487639

Questions Cloud

Explain what temperature does acetone have p_vap : Acetone, a common laboratory solvent, has DeltaHvap = 29.1kJ/mol and a normal boiling point of 56.1 C. At what temperature (in C) does acetone have P_vap = 109 mm Hg
What is the frequency of this mode of vibration : A thin cable 2m long with a mass of 100g is fixed at both ends. Its tension is 20N. What is the frequency of this mode of vibration
Explain the tertiary alcohols with the chemical formula : Provide the name(s) for the tertiary alcohols with the chemical formula C6H14O that have a 4-carbon chain. There are three alcohols that should be named for this.
Explain how much energy in kilojoules is needed to heat : Assuming that the heat capacities don't change with temperature, how much energy in kilojoules is needed to heat 5.25g of Hg from a temperature of -59.5C to 43.0C
How much money do you need to put into the account today : Your daughter is currently eight years old. You anticipate that she will be going to college in 10 years. You would like to have $100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of..
Explain an open-end manometer containing mercury : An open-end manometer containing mercury was connected to a vessel holding a gas at a pressure of 840 torr. The atmospheric pressure was 610 torr. What is the difference in the heights of the mercury, expressed in cm
Journalize the transactions and the adjusting entries : Journalize the transactions and the adjusting entries and the double-declining-balance method of depreciation is used.
How deep is the reservoir : The gauge pressure at the bottom of a reservoir is 5.0 times what it is at a depth of 2.1 m. How deep is the reservoir
What are yancy realized and recognized gain or loss : what are yancy's realized and recognized gain or loss?C) what are yancy's realized and recognized gain or loss in (a) if the house was rental property?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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