How much money have you accumulated for your retirement

Assignment Help Finance Basics
Reference no: EM131369307

Question

You have accumulated some money for your retirement. You are going to withdraw $66,289 every year at the end of the year for the next 30 years. How much money have you accumulated for your retirement? Your account pays you 18.98 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Reference no: EM131369307

Questions Cloud

Find the quartiles and the interquartile range : Check the applicability of Chebyshev's theorem and the empirical rule for the data set in given problem.- Find the quartiles and the interquartile range. Also find the 60th percentile.
Economic growth due to effective governance : Reflect on what you have learned about catch-up theory and policies that have facilitated growth to identify two or three countries and/or special administrative regions that have experienced economic growth due to effective governance.
Human capital approach to valuing a human life : What is the human capital approach to valuing a human life? If people are too poor to afford treatment costs for life-threatening illnesses, such as heart surgery or cancer treatments, how could the willingness to pay approach to be higher than t..
Find median and interquartile range and 45th percentile : Check the applicability of Chebyshev's theorem and the empirical rule for the data set in given problem.- Find the median, the interquartile range, and the 45th percentile of the following data.
How much money have you accumulated for your retirement : How much money have you accumulated for your retirement? Your account pays you 18.98 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.
Pick any theory for one violent crime and one theory : Select an effective intervention thatcould have prevented or reduced this criminal act. You must use scholarly articles that discuss the reduction of crime based on intervention.Discuss in two paragraphs the prevention of the crimes based on the s..
Federal reserve and the us treasury department : How did the Federal Reserve and the U.S. Treasury Department respond to the financial crisis in 2008?
Determine the actual temperature of the expanded air : Methane is compressed adiabatically from 100 kPa(abs) and 25 °C to 200 kPa(abs). What is the minimum compressor exit temperature possible? Explain.
How the processes of transportation economics play : Explain how the processes of transportation economics play a major role in transportation decisions of the organization - Describe how the supply chain of this company contributions to customer service levels.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd