Value of my retirement portfolio must double

Assignment Help Financial Management

Reference no: EM131307944

In order to live my desired life style, I have determined that the value of my retirement portfolio must double. Assuming that there are no further contributions to my portfolio and that , for the foreseeable future, I can earn a 4% annual return on my portfolio, how long must I wait to retire?

Reference no: EM131307944

Questions Cloud

Doubled or tripled in price at some financial institutions : In general, which fees have doubled or tripled in price at some financial institutions for checking accounts?

What is the expected rate of return on an investment : Investments are based on the belief that the rate of return justifies or compensates the investor for the risk associated with that particular investment. The risk associated with this investment is associated with the chance that a loss will be incu..

Distinguish between centralization and decentralization : Identify four types of departmentalization and give an example of each type. Exaplain how delegating authority, responsibility, and accountability are related. Distinguish between centralization and decentralization. Under what circumstances is each ..

Hearing more about the potential for a recession : As the presidential election looms, we are hearing more about the potential for a recession in the coming 12-months. What signs should we be looking for to determine if it is indeed on its way? What are the implications on "your company" and how woul..

Value of my retirement portfolio must double : In order to live my desired life style, I have determined that the value of my retirement portfolio must double. Assuming that there are no further contributions to my portfolio and that , for the foreseeable future, I can earn a 4% annual return on ..

Calculate the operating cycle and cash cycle : Consider the following financial statement information for the Zamboni Icers Corporation: Item Beginning Ending Inventory $ 10,400 $ 11,400 Accounts receivable 5,400 5,700 Accounts payable 7,600 8,000 Net sales $ 84,000 Cost of goods sold 64,000 Plea..

Assume there is no bid-offer spread for foward prices : A trader owns a commodity that provides no income and has no storage costs as part of a long term investment portfolio. The trader can buy the commodity for $1250 per ounce and sell it for $1249 per ounce. The trader can borrow funds at 6% per year a..

Explain how using financial ratios can help spot these trick : Name and explain three tricks that management can play to manage earnings. Explain how using financial ratios can help spot these tricks. Why is it important to analyze profitability, specifically focusing on return on investment? Invoke the breakdow..

Calculate cash collections in each of the four quarters : The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 730 $ 760 $ 840 $ 920 a. Accounts receivable at the beginning of the year are $320. Litzenberger has a 45-day collection period. Cal..

User Account

All Pages