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Kimberly is saving for retirement and would like to accumulate $800,000 at her retirement. If she currently has $30,000 saved and would like to work for another 25 years, how much must she save at the end of each of the next 25 years in order to reach her goal? Assume that she earns an 8% annual rate of return. a. Calculate the FV (25 years later) of the $30,000. (This FV is how much the $30,000 will become after 25 years.) b. The FV in a. will go towards the $800,000 that Kimberly will need in 25 years. Compute the shortfall that Kimberly will have 25 years later. Find the annual savings (PMT) that Kimberly will need in order to make up the shortfall (amount in b., which is the additional amount Kimberly will need 25 years later.)
Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.
In this essay, we are going to discuss the issues of financial management in a non-profit organisation.
Evaluate venture's present value, cash and surplus cash and basic venture capital.
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This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.
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