Quit this habit and invest these savings

Assignment Help Financial Management

Reference no: EM13943676

You are 30 years old and spend $4 every other day on movie rentals. If you quit this habit and invest these savings for the next 40 years in an account that pays 8% compounded monthly, how much will you have saved? Consider that each month for this calculation has 30 days.

Reference no: EM13943676

Questions Cloud

What is best estimate of the stocks current market value : Nachman Industries just paid a dividend of D0 = $1.75. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What..

Impacting the cost of operations : It was revealed that traditional ways of designing, operating and managing data centers are becoming outdated, as they offer limited flexibility to make changes along the way. Power availability is increasingly becoming a concern in India, and is ..

Describe the general features of bloodstain formation : List and describe the general features of bloodstain formation. A criminalist studying a dyed sample hair notices that the dyed color ends about 1.5 centimeters from the tip of the hair. Approximately how many weeks before the examination was the ..

What types of conflict management programs are used : What types of conflict management programs are used by the business organizations to resolve their conflicts with the stakeholders and understand their interest?

Quit this habit and invest these savings : You are 30 years old and spend $4 every other day on movie rentals. If you quit this habit and invest these savings for the next 40 years in an account that pays 8% compounded monthly, how much will you have saved? Consider that each month for this c..

What is the current price of the bonds : Grossnickle Corpnissued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to mat..

Doing environmental scanning and market research : Explain how companies are doing environmental scanning and market research and seeing some benefits for their business.

Considerations for enterprise system integration : Research important considerations for enterprise system integration. Compile a list of 5-7 categories of considerations, and discuss how they will be handled in the integration project.

Projects annual operating costs are expected : Sunshine Smoothies Company (SSC) manufactures and distributes smoothies. SSC is considering the development of a new line of high-protein energy smoothies. SSC's CFO has collected the following information regarding the proposed project, which is exp..

User Account

All Pages