User Account

All Pages

Some money away for retirement

Assignment Help Business Economics
Reference no: EM132127844

How do you calculate the annual interest rate of 12% compounded monthly. I know how to do for annually but not monthly. You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $4,500 each beginning in 26 years. If you desire an annual interest rate of 12% compounded monthly. I know the formula setup is: (4500/((1.12)^26..... etc... I'm not sure how the monthly is calculated Can you advise?

Reference no: EM132127844

Questions Cloud

What are the characteristics of perfect competition : What are the characteristics of perfect competition, and does is exist in the real world?
What is a survey and pros and cons : What is a Survey and pros and cons of using this method to collect data are? Have you done a survey? How successful were your results?
Global marketing mix to meet the needs of local consumers : Give examples of how Domino's has adapted its global marketing mix to meet the needs of local consumers. Are you their customer? If so, why?
Mortality rates to be higher in japan or mexico : Based upon the findings above, would you expect infant mortality rates to be higher in Japan or Mexico? Why?
Some money away for retirement : How do you calculate the annual interest rate of 12% compounded monthly. I know how to do for annually but not monthly
Describe your experience with price elasticity as a consumer : Federal Reserve Bank of St. Louis. describe your experience with price elasticity as a consumer.
Examine the us passenger airline industry : Examine the U.S. passenger airline industry using the five forces. Is this an attractive industry? Why or why not?
Play a role in managerial decision-making : How technology, government regulations, international factors, expectations about the future, and the macroeconomy play a role in managerial decision-making?
Explain how financial leverage at investment banks : Explain how financial leverage at investment banks differed from financial leverage at more traditional commercial banks.

Reviews

Write a Review

Business Economics Questions & Answers

  Local government income comes from the sales tax

Government expenditure and investment has remained fairly constant as a fraction of GDP since 1950, even as transfers have risen. Most of state government revenue comes from the income tax, and most state and local government income comes from the sa..

  What is the price of land

If the marginal product per dollar of capital is $2, the marginal product of labor is 20, the price of labor is $10 and the marginal product of land is 32, what is the price of land?

  Price of the stock after the announcement

Assuming that the discount rate remains the same, what will be the price of the stock after the announcement?

  Acs code of ethics and acs code of professional

Include in your answer those clauses from the ACS code of Ethics and ACS code of Professional Conduct that are relevant and briefly explain why.

  How much should douglas boats expand

Douglas Boats is a supplier of boating equipment for the states of Oregon and Washington. It sells 5,000 White Marine WM-4 diesel engines every year. These engines are shipped to Douglas in a shipping container of 100 cubic feet, and Douglas Boats ke..

  Utility gained from consumption eventually declines

The law of diminishing marginal utility states that as an individual increases consumption of a given product within a set period of time, the utility gained from consumption eventually declines" Examine whether the statement above is true or false. ..

  The pleasure people get from this form of gambling

Critically evaluate the following statement: Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from this form of gambling.

  Compute the own-price elasticity of supply for beef

Suppose that beef supply is such that Q = 20 billion lb are produced if the price is P = $2.00/lb, and Q = 24 billion lb are produced if the price is P = $2.30/lb. Using the two quantity-price combinations reported in (3) above, compute the own-price..

  Cashflow diagram

How many kilometers must a car be driven per year for leasing and buying to cost the same? Use 10% interest and year-end cost. Leasing: $0.20 per kilometer Buying: $5000 purchase cost, 3-year life, salvage $1200, $0.04 per kilometer for gas and oil, ..

  Relationship between the terms independent

Describe the relationship between the terms independent, dependent, continuous, and discrete variables?

  11 question related to corporate strategy i am looking for

i am looking for the modeli answers of the following attached 11 questions the questions are related to poter five

  Economy and the impact on sales

Discuss how a business manager (such as a general manager, production manager, or human resources manager) might use GDP statistics

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