How to deposit in the account

Assignment Help Finance Basics
Reference no: EM132502619

Suppose you want to have $600,000 for retirement in 30 years. Your account earns 5% interest. How much would you need to deposit in the account each month?

Reference no: EM132502619

Questions Cloud

Treasury bond maturing : On 15 September 2020 you plan to buy a 6% p.a. Treasury bond maturing on 15 September 2026.
How much will you need to pay month : If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?
How much value will the new equipment create for the firm : How much value will this new equipment create for the firm? A firm believes it can generate an additional $4,200,000 per year in revenues
Write about Stress Coping Strategies : Write about Stress Coping Strategies guided with the following out lines. According to what you have studies put a personal plan that can help you to cope
How to deposit in the account : Suppose you want to have $600,000 for retirement in 30 years. Your account earns 5% interest. How much would you need to deposit in the account each month?
Discuss about the treatment programs : Do you believe that treatment programs or therapists should be able to facilitate 12 step programming in treatment when clients can attend AA or other 12 step.
What is the minimum amount that the firm should be willing : What is the minimum amount that the firm should be willing to accept for this order? prepared based on a monthly capacity of 200,000 units
Tax on interest and capital gains : Present your answers to the above questions in a Excel spreadsheet
Should the firm purchase the new equipment : How would your analysis change if this project was less risky than the firm's other projects? Be specific. Should the firm purchase the new equipment?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the effective interest rate in the first two years

A mortgage broker is offering a 30-year mortgage with a teaser rate. In the first two years of the mortgage, the borrower makes monthly payments on only.

  The big mac index

In brief describe the history and purpose of the big Mac Index. where is it most expensive to buy big Mac? where is it least expensive to buy a big Mac?

  Subject in business in administrative assisstant

Use power words to complete each question. (This is for professionalism skills for the workplace success) subject in business in administrative assisstant

  Discuss about the net present value using given information

Project Z has an initial outlay of $13,000 and generates positive cash flows in years 1, 2, 3 and 4 of $4,661, $4,774, $4,285, and $2,750 respectively.

  Balance of inventory and the balance of depreciation

What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill's balance sheet?

  What is the internal rate of return for the project

Consider a project that requires an initial investment of $5.2 million at time zero. The expected net cash inflows over the five-year life of the project.

  Calculate the ratios for the company

Locate a publicly traded U.S. company of your choice. Then, calculate the following ratios for the company for 2012 and 2013:

  How do you think the efficient-markets hypothesis should

how do you think the efficient-markets hypothesis should impact upon the drafting of accounting standards? bear in mind

  What is the administrative fee for the year

Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $75,000 per year.

  Exponential smoothing method

What is the forecast for the next period using exponential smoothing method with a alpha factor of 0.4 a = 0.4

  What coupon rate will result in a yield to maturity

Pandora Media plans to issue original issue discount (OID) bonds with a 20-year maturity, $1,000 par value, and initial yield to maturity of 8%.

  What is the npv of the investment

Muncy, Inc., is looking to add a new machine at a cost of $4, 133, 250. The company expects this equipment will lead to cash flows of $816, 822, $863.

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