User Account

All Pages

Present value of lump sum

Assignment Help Basic Statistics
Reference no: EM132053833

Present Value of Lump Sum

Question: Jake wants to invest money into his retirement (403b). He wants to have $30,000 in his 403b in two years. How much should he invest assuming he demands a 4% return (yield) on his money?

Solution- PV= FV/(1+i) N

 PV= 15,000(1/1.042 )

PV=15,000(1/1.0816)

PV=13,868

Is my calculation correct? Please explain

Reference no: EM132053833

Questions Cloud

What is the future value of a 4-year annuity : Question: What is the future value of a 4-year annuity, if the annual interest is 5%, and the annual payment is $1,000?
Integrate the project management processes : Case analysis is an effective tool as part of both problem-based and inquiry-based learning modality for adult learners - Use project management process cycle
Present value of annuity : Question: What is the present value of a 4-year annuity, if the annual interest is 5%, and the annual payment is $1,000?
What is your preferred conflict style : What is your preferred conflict style? Give examples of when you have used that style and what tactics you have used. Is that style or tactics used effectively.
Present value of lump sum : Jake wants to invest money into his retirement (403b). He wants to have $30,000 in his 403b in two years.
Describe the primary roles and responsibilities of a project : Projects operate within the constraints imposed by the organization through its structure; and organizational structures can take many forms and types.
Do you seek personal growth by learning new skills : Intellectually well people are curious and interested in expanding their minds. Therefore, think about what we have discussed this semester so far.
What is the current ratio : Teri's Photography has total assets of $50,800, fixed assets of $47,400, long-term debt of $36,300, and total debt of $42,900. If inventory is $1,200
What is the frequency of compounding during the year : A given rate is quoted as 12% APR, but has an effective annual rate (EAR) of 12.55%. What is the frequency of compounding during the year?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Assuming that the population standard deviation is known

a random sample of 100 pumpkins is obtained and the mean circumference is found to be 40.5 cm. assuming that the

  Adults who stutter-responses to cognitive stress

Adults Who Stutter: Responses to Cognitive Stress," published in the Journal of Speech and Hearing Research in 1994, reported speech rate

  Predicting the cost of rocket engines

It has been hypothesized that average thrust can be used as a basis for predicting the cost of rocket engines. It has been further hypothesized that average thrust and unit cost are positively correlated (i.e., unit cost increases as average thrus..

  Prepare a time series plot

Prepare a time series plot, ACF and PACF for these data. Is there evidence to suggest that the data should be differenced? Explain.

  Hypothesis testing using chi-square distribution

At the .01 significance level, is there a relationship between job pressure and age?

  Find probability distribution of random variable and mean

If the outcome is tails, you win nothing. Let X be the amount that you win in a single toss of a coin. Find the probability distribution of this random variable and its mean.

  Compute tukey hsd to analyze the significant main effect

Compute Tukey's HSD to analyze the significant main effect. Summarize the results for this test using APA format.

  What is the lower bound

What is the lower bound? Round to two decimal places. What is the upper bound? Round to two decimal places.

  Fall into one of the numbered slots

To play the game, a metal ball is spun around the wheel and is allowed to fall into one of the numbered slots.

  How you would use randomization in arranging the experiment

Explain clearly why the matched pairs t test is the proper choice and do a complete analysis for the question that is posed here.

  Binomial probability solution

In the past few years out sourcing over seas has become more frequently used than before by U.S. companies. However, out souring is not with out problems. A recent survey indicates that 20% of the companies that outsource over seas use consultant.

  Solve case related to the casino gambling

A large city with chronic economic problems is considering legalizing casino gambling. The city council wants to estimate the proportion of all adults.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd