How much will he have at his retirement age of 60

Assignment Help Finance Basics
Reference no: EM133120250

Retirement.

You are 30 years old. Every month you are saving $1,000 for your retirement account at the annual rate of 8%.

(1) How much will you have at your retirement age of 60? You have a friend at the same age, but he is starting 5 years later at his age 35 with the same monthly amount at the same annual rate.

(2) How much will he have at his retirement age of 60?

(3) What is the percentage differential between your friend's balance and yours at the same retirement age of 60?

Reference no: EM133120250

Questions Cloud

Construct a synthetic long oil position : Oil is currently trading at $100. You want to buy oil and store it for 1 year and then sell it at t = 1. Assume the risk free rate is 5% (annual rate with annua
Find the bonds prices : A risk-free 1-year 6% coupon bond has YTM=9% while a risk-free 1-year 16% coupon bond has YTM=9.1%. It is important to keep at least 7 decimal digits for all ca
Find the pv of the bond : Assume you have a bond bought on 1st of August 2005 , maturity date is 1st of August 2016 , if the bond has semi annual coupon payments with 8 % YTM and 9 % Cou
Share of stock sell for today : Utah tech just paid a dividend of 1.35 per share. the company plans to increase its dividends by 3% each year fir the next 5 years, then reducing the annual inc
How much will he have at his retirement age of 60 : You are 30 years old. Every month you are saving $1,000 for your retirement account at the annual rate of 8%.
Analyze the types of deposits : After a rigorous written test and several rounds of interviews, you are successfully appointed as a Management Trainee of the AB Bank. As a newly appointed Mana
Determining the profit margin : A company has a dividend yield of 3% and asset turnover of 2.6 times per year. If the return on total assets was 11.2 percent, what was its profit margin?
Explain how they might understand and respond to case : Develop an 8 - 10 minute PPT/oral/video presentation - Explain how they might understand and respond to their chosen case
Determine the total tax paid : If provincial tax rates are 16% on the first $40,100; 20% on the next $40,100; and 24% on any income after that. If a resident had income of $65,000 then determ

Reviews

Write a Review

Finance Basics Questions & Answers

  What does the acronym copd stand for

What does the acronym COPD stand for? Identify and define the types of pulmonary pathologies which are in COPD.

  What is the current price of this preferred stock given

The First Bank of Ellicott City has issued perpetual preferred stock with a $100 par value. The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 12.0 percen..

  Types of equity financing and debt financing alternatives

Create a 10-slide presentation comparing types of equity financing and debt financing alternatives. Include detailed speaker's notes and the following in your presentation:

  What is the tax on salvage value

Mars' marginal tax rate is 40%, and it uses a 12% WACC to evaluate projects of this nature. The applicable depreciation rates are 20%, 32%, 19%, 12%, 11%, and 6%. If the machine costs $60,000.

  Find the portfolio weights of each stock

If you own 620 shares of Air Line Inc at $41.9, 240 shares of BuyRite at $55.15, and 340 shares of Motor City at $9.2, what are the portfolio weights.

  What was the original return on equity

What was the original return on equity

  What will your monthly payments be

You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?

  Update the information or change and paraphrase

Update the information (change and paraphrase ) them from 2013 to 2015 about Dell company and add one table about ratios and two references.

  Compute the net present value of the investment

A company is considering investing in a new machine that requires a cash payment of $55, 948 today. The machine will generate annual cash flows of $22,497.

  What is the clinical float

On a typical day, Park Place Clinic writes $1,000 in checks. Generally, those checks take four days to clear. Each day the clinic typically receives $1,000 in checks, which take three days to clear. What is the clinical's float?

  Amount of the firm total stockholder equity

Purple Dalia, Inc. has the following balance sheet statement items; current liabilities of $895,189; net fixed and other assets of $1,237,440; total assets of $3,359,210; and long-term debt of $972,374. What is the amount of the firm's total stock..

  Recent signs of strength

The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.

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