Make an identical deposit

Assignment Help Finance Basics
Reference no: EM131114261

Today is your birthday and you decide to start saving for college. You will begin college on your 18th birthday and will need $4,000 per year at the end of each of the next 4 years (after that 18th birthday - isn't it nice the college lets you pay at the end of the year!) You will make an identical deposit each year up to and including the year you begin college. All your money will earn 12% interest including the time you are in college. If a deposit of $2,542.00 will allow you to reach your goal (gee, I love this question!) - are you ready for this?! How old are you now? (note points will only be given for work shown - no pure guesses please).

Reference no: EM131114261

Questions Cloud

Provide a outline on how you would construct the final paper : Provide a 1-page bulleted list of key recommendations to address the corruption occurring in the police and correctional systems with explanations on why the recommendation is valuable.
Value of the option to expand : What is the value of the option to expand? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)
Compute the kvar kva and the power factor of the motor : Compute the kVAR, kVA, and the power factor of the motor (specify whether lagging or leading).
What amount of debt it should use in calculating : Alpha wonders what amount of debt it should use in calculating the tax shields on interest payments in its capital budgeting analysis. Can you offerassistance?
Make an identical deposit : Today is your birthday and you decide to start saving for college. You will begin college on your 18th birthday and will need $4,000 per year at the end of each of the next 4 years (after that 18th birthday - isn't it nice the college lets you pa..
Discuss the conditions under which the capital expenditure : Discuss the conditions under which the capital expenditure of a foreign subsidiary might have a positive NPV in total currency terms but be unprofitable from the parent firm's perspective.
Determine the apparent power and the reactive power : If the capacitor, consisting of three equal sections, is connected in delta across the supply lines, calculate the capacitance required in each section.
How is this crime defined in the state in which you live : Analyze how the purpose of government and the social contract might protect the rights (e.g., safety and security) of the suspect in this case.
Calculate the beta of three-stock portfolio : Make your third selection and calculate the beta of your three-stock portfolio (and yes, I need to see the formula!)

Reviews

Write a Review

Finance Basics Questions & Answers

  What is an opportunity cost

What is an opportunity cost? How is this concept used in TVM analysis, and where is it shown on a time line? Is a single number used in all situations? Explain.

  What is the average dividend growth rate

Highway Express has paid annual dividends of $1.16, $1.20, $1.25, $1.10, and $0.95 over the past five years respectively. What is the average dividend growth rate?

  What is the purpose of the federal reserve

What is the purpose of the Federal Reserve? Explore and discuss its economic goals. How does the Fed pursue its economic goals? What is behavioral finance?

  How much income can you generate in a cash account

You manage a $10 million endowment fund and would like to write index calls to generate some income. Suppose the OCT 320 OEX call sells for $1.13, and the current level of the index is 315.66. How much income can you generate in a cash account?

  What is compounding and how does it affect the future value

what is compounding and how does it affect the future value of an

  Down under boomerang inc is considering a new three-year

down under boomerang inc. is considering a new three-year expansion project that requires an initial fixed asset

  The standard deviation of changes in spot prices is 2 and

the correlation between changes in price of a spot asset and futures asset is 90. the standard deviation of changes

  Lakonishok equipment has an investment opportunity in

lakonishok equipment has an investment opportunity in europe. the project costs euro12 million and is expected to

  What is the difference between a and b required rates

What is the difference between A's and B's required rates of return? (Hint: First find the market risk premium, then find the required returns on the stocks.)

  Financial reports are included in the annual report

What financial reports are included in the annual report? What are the major types of information contained in each of these reports? What is a Form 10-K? What information can be found in a Form 10-K document that could not be found in an annua..

  Why do you think the choice of entry mode joint venture

why do you think the choice of entry mode joint venture suits the company in terms of scale risk level return level

  Judy johnson is choosing between investing in two treasury

judy johnson is choosing between investing in two treasury securities that mature in five years and have par values of

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