How much must he deposit at the end of each quarter

Assignment Help Accounting Basics
Reference no: EM133116858

Question - Thomas currently has $570,000 in his retirement account paying 5.7% compounded quarterly. He wants to have $1,500,000 when he retires in 15 years. How much must he deposit at the end of each quarter to meet his goal?

Reference no: EM133116858

Questions Cloud

Stock price indicates for investors : What does the share value or stock price indicates for investors?
Why the values of the two cash flows streams is different : 1. Determine the present value of a cash flows stream of $2,250 to be received every year at a required rate of return of 5%.
How much is the net rent income for the current year : The building is depreciated P120,000 per year. Ruffa incurred insurance and property tax expense of P90,000. How much is the net rent income for current year
Exchange and an investor transact : An exchange and an investor transact at the exchange's bid price. Which party is long the option and which party is short the option? Who receives the payment a
How much must he deposit at the end of each quarter : He wants to have $1,500,000 when he retires in 15 years. How much must he deposit at the end of each quarter to meet his goal
Compute the monthly payment on a ten-year : A) Compute how much money you would need to invest each year in the future for 54 years in order to have $1 million in 54 years if you earn 8.88% per year.
Explain the main sources of finance : Explain the main sources of finance for international investment
What is the cost of capital for the project : On the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.43. What is the cost of capital for the project
Predict the future of the economy : Analyze the current position of the Federal Reserve Chairman and Board related to interest rates, money supply, and inflation, and the effectiveness related to

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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