How much will sarah have to invest today

Assignment Help Financial Accounting
Reference no: EM132635054

Question 1: Present Value. Sarah Wiggum would like to make single investment and have $2.3 million at the time of her retirement in 32 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 15 percent, how soon could she then retire?

A - If Sarah can earn 5 percent annually for the next 32 years, the amount of money she will have to invest today is $_________

Question 2: How many years will it take for $510 to grow to $1044.13 if its invested at 9 percent compounded annually?

A- The number of years it will take for $510 to grow to $1044.13 at 9 percent compounded annually is ____ years.

Reference no: EM132635054

Questions Cloud

Find free cash flow-vasudevan inc : Vasudevan Inc. recently reported operating income of $6.35 million, depreciation of $1.20 million, and had a tax rate of 40%.
Find per-share value of van buren to harrison corporation : What is the per-share value of Van Buren to Harrison Corporation? Do not round intermediate calculations.
Estimate requirement for additional life insurance : Estimate their requirement for additional life insurance using the income method and the expense method.
How much of the dividend goes to preferred and how much goes : In 2013 the company declares cash dividends of $45,000. How much of the dividend goes to preferred? How much goes to common?
How much will sarah have to invest today : Present Value. How much will Sarah have to invest today? If Sarah earned an annual return of 15 percent, how soon could she then retire?
How much money will be in the account : You have decided to place $977 in equal deposits every month at the beginning of the month into a savings account earning
How determinants of health contributed to opioid crisis in : Discuss how the determinants of health contributed to the opioid crisis in (Anytown a fictional town). Which determinants of health have had the most influence.
How much net income did the firm earn during the year : How much net income did the firm earn during the year?
Which should be included in the gross income : Andy and Sue are trying to calculate their gross income for their 2020 federal income tax. Which of the following should be included in their gross income?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Ethics and standard costs

Farmer Frank’s produces items from local farm products and distributes them to supermarkets. Over the years, price competition has become increasingly important, so Susan Kramer, the com- pany’s controller, is planning to implement a standard cost sy..

  Harvest the forest analyzing the pros and cons

Calculation of Time period when the company should harvest the forest analyzing the pros and cons.

  What is gain or loss on sale of investment to be recognized

What is the dividend income to be recognized in 2018? What is the gain or loss on sale of investment to be recognized in 2018?

  What is contribution margin per unit for each chocolate bar

What is the contribution margin per unit for each chocolate bar produced given the fact pattern above? What is the Swiss Chocolate's U.S. division breakeven point in units and dollars given the fact pattern above?

  The gross profit

Given the information below what is the gross profit?

  What is the depreciation tax shield in the third year

What is the depreciation tax shield in the third year of this project?What is the minimum price that your company should bid per singl

  On june 15 2011 sanderson construction entered into a

on june 15 2011 sanderson construction entered into a long-term construction contract to build a baseball stadium in

  Computation of par value of stock after split off

How much of the $1,000,000 notes payable should be classified as current in Reeds balance sheet at December, 2007 and Computation of par value of stock after split off

  Calculate the return you should require on xyzs stock

Calculate the return you should require on XYZ's stock - Calculate the intrinsic value of XYZ's stock and Should the project be accepted or not? Briefly discuss.

  Prepare a multiple-step income statement for 2010

Prepare a multiple-step income statement for 2010 for Howell Corporation that is presented in accordance with generally accepted accounting principles (including format and terminology).

  Compute the carrying value of patent

Compute the carrying value of patent No. 758-6002-1A on each of the following dates:(a)December 31, 2011.(b)December 31, 2015.

  What is the firms cost of common equity

The market price of the stock is $36.80 and the growth rate is 6.0 percent. What is the firm's cost of common equity

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