Plan to deposit an additional

Assignment Help Business Economics
Reference no: EM13978931

You have $21,512.72 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $240,000. You expect to earn 14% annually on the account. How many years will it take to reach your goal? Round your answer to two decimal places at the end of the calculations.

Reference no: EM13978931

Questions Cloud

How would you go about ensuring existence of fixed assets : Fin:08 - Discussion How would you go about ensuring the existence of all fixed assets, and that they are accounted for properly on the books of the company?
The purpose of the federal reserve is to : The purpose of the federal reserve is to
What is the bonds yield to maturity : Consider a coupon bond that has a par value of $1,200 and a coupon rate of 5 %. The bond is currently selling for $1,200.00 and has 2 years to maturity. What is the bond's yield to maturity (YTM)? What is the Yield to Maturity?
List five thin film compositions that can deposited by ald : Which of the three variables above currently limits the EQE of quantum dot-based LEDs to about 1%? Why are all-inorganic devices desirable rather than hybrid organic-inorganic devices?
Plan to deposit an additional : You have $21,512.72 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $240,000. You expect to earn 14% annually on the account. How many years will it take to reach your goa..
Expect to provide an average return : Future value of an annuity Your client is 36 years old; and she wants to begin saving for retirement, with the first payment to come one year from now. She can save $5,000 per year; and you advise her to invest it in the stock market, which you expec..
What roles do surface tension, cohesion, and adhesion : What roles do surface tension, cohesion, and adhesion play in leaves, stems, and roots of plants?
How does estimate compare with the earths magnetic field : Suppose you install a compass on the center of a car's dashboard. How does this estimate compare with the Earth's magnetic field?
What is the most expensive car you could afford : PV and loan eligibility You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $450. The loan will have a 12% APR based on end-of-month payments. What is the most expensive car you could afford if you fin..

Reviews

Write a Review

Business Economics Questions & Answers

  Social benefits of production as measured by the price

In perfect competition if firms produce where P=MC they ensure ________ because the social benefits of production as measured by the price that people are willing to pay, are in balance with the ________ to society of that production.

  Elucidate how does the dissolution of the partnership leave

Elucidate how does the dissolution of the partnership leave Disney vulnerable. What could Disney have done to protect itself from these vulnerabilities in the original negotiations.

  Determine which alternative is preferred

If the IRR of Alternative A is 16.91%, the IRR of Alternative B is 14.91%, and MARR is 10.91%, which of the following is correct? neither alternative A nor alternative B is acceptable. not enough information is given to determine which alternative is..

  What is the marginal rate of substitution

Mary consumes two goods, Diet Coke (X) and Cheeseburgers (Y). Mary’s Utility function is represented by U(X,Y) = 3XY2 . Her marginal utility function for X is MUx = 3Y2 . Her marginal utility function for MUy = 6XY.Write an expression for Mary’s budg..

  Monopolist instead of set of perfectly competitive firms

What is the externality associated with an individual driving on a congested highway? How do tolls help alleviate this externality? How should tools be set? (Hint: would you always want the toll to be the same all day?) The steel industry pollutes th..

  Explain why the industry short run production has only one

Utilize the information from the completed table also the graphs to identify the three stages of production also explain why the industry's short run production has only one ‘rational' stage of production.

  Message aligns with the material covered thus far

Discuss a time when you have had to deal with a sensitive and/or a negative message. What would you do differently in light of the material covered in this module? If you would do nothing differently, describe how your handling of the message aligns ..

  How large must your annual deposit be

To help you reach a $5,000 goal five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year. (The first deposit is made at the end of the first year). If..

  Circular flow relates to current economic situations

Explain a way that your family interactsin factor market and a way that it interactsin products market. Discuss how circular flow relates to current economic situations.

  Cities often impose water use restrictions on consumers

During droughts, cities often impose water use restrictions on consumers. Suppose Rusalka has preferences for Water (W) and other goods (X) given by the utility function: U(W, X) = WX. Suppose the government imposes a quota limiting water use to a ma..

  How each factor influences managerial decisions

Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions.

  Market and individual demand functions

1. There is a fruit seller who has 30 Kgs of apples to be sold and he wants to fix a price so that all the apples are sold. There are three customers in the market and their individual demand functions are given below:

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