Mutual fund will earn average of annual interest

Assignment Help Business Economics

Reference no: EM13740699

It is likely that your college tuition will increase an average of 8% per year for the next 4 years. The annual cost of tuition at the beginning of your freshman year in college will be $12000 (A1). How much money will you and your parents have to deposit in a mutual fund account one year prior to your freshman year to pay for your tuition for the 4 years you will spend earning your degree? The mutual fund will earn an average of 5% annual interest

Reference no: EM13740699

Questions Cloud

An individual has an income per month : An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Assume instead that the government had given the individual $100 in cash. Draw the new budget constrain..

What were the results of the lincoln-douglas debates : Compare and contrast the political attitudes toward slavery of Stephen A. Douglas with those of Abraham Lincoln. What were the results of the Lincoln-Douglas Debates?

Cognitive development and decline : Jean Piaget and Lev Vygotsky's developmental theories offer us two frameworks for understanding our cognitive processing as we age. Aspects of cognition, such as information processing, attention, or memory can be different in childhood as compare..

What is the income elasticity of demand for firms product : The demand equation for a company's product it Q = 500 - 3P + 2Pi + 0.1I where Q is the quantity demanded of its product, Pi is the price of its rival's product, and I is the per capita disposable income (in dollars). At present, p = $10, Pi = $20, a..

Mutual fund will earn average of annual interest : It is likely that your college tuition will increase an average of 8% per year for the next 4 years. The annual cost of tuition at the beginning of your freshman year in college will be $12000 (A1). How much money will you and your parents have to de..

Describe how you would organize your employees : Describe how you would organize your employees (what type of teams) and what approach would you use for customer focus

Calculate the equilibrium quantity and price : Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity and price.

Calculate the profit-maximizing quantity and price : A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..

Selection and description of organization : Select a business organization from the Fortune 500 which is of interest to you and ensure that you will be able to obtain the necessary information about its strategy, business model, and performance (much of this information can be obtained from..

User Account

All Pages