What annual interest rate must they earn to reach goal

Assignment Help Financial Management

Reference no: EM131308863

Your parents will retire in 14 years. They currently have $270,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? Round your answer to two decimal places.

Reference no: EM131308863

Questions Cloud

Activity-research methods : Research how quantitative research is used in your discipline. Write an essay that describes how quantitative research tools can be used to aid in decision making within your field. Be sure your essay addresses the following questions/topics:

How will affect the comparison of the alternatives : A manufacturer is considering replacing an existing autoclave that nears the end of its useful life and no longer provides the required pressure with a new one. Assume that the life of Autoclave A can be extended for an extra two years, at which tim..

Does pattern of unemployment help explain movement of wages : The effect of a change in inflationary expectations on a recently stable Phillips Curve c. Unemployment caused by a recently enacted minimum wage law

Deliver a speech as part of a team panel : Deliver a speech as part of a team panel- Prepare a two-minute speech (using note cards) on the business topic.

What annual interest rate must they earn to reach goal : Your parents will retire in 14 years. They currently have $270,000, and they think they will need $1 million at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?

Various risk of doing business : Both investments promise the same long-run return, so your choice is driven by risk considerations. Assess the various risk of doing business in each of these nations. Which investment would you favor and why?

Perform present value analysis on each investment : A firm has the following investment alternatives: Cash Inflows Year A B C 1 $500 $0 $0 2 500 400 0 3 500 800 0 4 600 900 1,900 Which investment should be considered? (for any credit, show your work). Use a 9.5% discount rate. Hint: A discount rate gi..

Create an outline of topics for your presentation : Brainstorm a list of topics for your presentation. Consider what would be valuable to your audience.- Create an outline of topics for your presentation. Plan on a logical sequence.

Implementing change within an organization : What types of obstacles/objections do leaders face from stakeholders when implementing change within an organization? What strategies can leaders use to work with stakeholders, remove obstacles, and address objections?

User Account

All Pages