How much spend on an overseas trip

Assignment Help Finance Basics
Reference no: EM131616352

Question: A person wants to have $3,000 available to spend on an overseas trip four years from now. If such funds could be expected to earn 6 percent, how much should be invested in a lump sum to realize the $3,000 when needed?

Reference no: EM131616352

Questions Cloud

Calculate the irr : Your brother wants to borrow $9,500 from you. He has offered to pay you back $12,250 in a year. If the cost of capital of this investment opportunity is 9 %?
What would be the impact on the development process : What are the key factors that help an organization decide what type of framework they should use to develop the supply chain?
Management within the project management environment : In light of this statement, discuss the debate surrounding Leadership versus Management within the project management environment.
How much will you pay for the companys stock today : Nickels Corporation will pay a $3.10 per share dividend. How much will you pay for company's stock today if you require a 12 percent return on your investment?
How much spend on an overseas trip : A person wants to have $3,000 available to spend on an overseas trip four years from now. If such funds could be expected to earn 6 percent.
Identify the various committees of a hco : Identify the various committees of a HCO (Health Care Organization) board and evaluate the function of each committee.
Average return minus the average risk-free rate : Morgan stock has an average return minus the average risk-free rate of 12.5 percent, a beta of 2.5, and standard deviation of returns of 20 percent.
Steps involved in managing project risk : Discuss the steps involved in managing project risk, and develop a risk response plan.
Financial innovation in health care : Does financial innovation in health care improve productivity and consumer welfare the way technological innovation does? Why or why not?

Reviews

Write a Review

Finance Basics Questions & Answers

  Disadvantages of using a payroll processing company

Locate a payroll processing company. You may either contact one in person, by telephone, or conduct an Internet search. Write a brief report describing the advantages and disadvantages of using a payroll processing company. When conducting researc..

  A 10-year bond paying a 10semiannualcoupon is priced at

a 10-year bond paying a 10semiannualcoupon is priced at 90.50 od face value. if the current yield changes to 12 what

  Evaluate negative online reviews

Find online reviews for a product you would like to buy. Which of the reviews infl uences you most? What about these reviews do you find persuasive? Discuss your analysis with a partner in class.

  The concept of time value of money

The concept of time value of money is one of the most important topics in finance you will need to be familiar with as a financial manager. It is the basis of how all assets are valued.

  What is a foreign exchange market intervention

If the Fed sells $2 billion of foreign assets, what happens to the Fed's holdings of international reserves and to the monetary base?

  Public company accounting and investor protection act

Discuss and explain the Public Company Accounting and Investor Protection Act of 2002? Describe the law in your own words.

  Which of the following events would reduce its wacc

The company uses the CAPM to calculate its cost of equity, and its target capital structure consists of common stock, preferred stock, and debt. Which of the following events would REDUCE its WACC?

  Incomeextraordinary income accounting cash dividends stock

incomeextraordinary income accounting cash dividends stock splits cumulative dividends issue of bonds bond types and

  Many corporate acquisitions result in losses to the

many corporate acquisitions result in losses to the acquiring firms stockholders. a coworker has asked you to explain

  Bakery has annual fixed costs of 880000 annd a variable

bakery has annual fixed costs of 880000 annd a variable cost per pie of 7.50. each pie sells for 15.50 the bakery

  Lowest effective rate of interest

You plan to borrow some money from a bank account. Which of the following banks provides you with the lowest effective rate of interest?

  What are the two major categories of stockholder ratios

What two aspects of a company's profitability are measured by profitability ratios?- What are the two major categories of stockholder ratios?

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