What annual rate of interest must you earn

Assignment Help Financial Accounting
Reference no: EM132829111

Question - Assume the total cost of a college education will be $325,000 when your child enters college in 17 years. You presently have $51,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

Reference no: EM132829111

Questions Cloud

Describe a time spirituality was important in your life : Use the following questions to assist in formulating your thoughts for this discussion. Describe a time spirituality was important in your life or in the life.
What is the effective cost of borrowing in this case : The current practice is to factor all receivables immediately at a 2 percent discount. What is the effective cost of borrowing in this case
Discuss ways in which you can apply the theory : Research this theorist and describe it to your classmates. Discuss ways in which you can apply the theory in your own day-to-day practice.
Compute the net present value incorporating bob estimates : Compute the net present value incorporating Bob's estimates of the value of the intangible benefits, but still using the 11% discount rate.
What annual rate of interest must you earn : You presently have $51,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education
Which item will require a journal entry to update balance : Which item(s) will require a journal entry to update the balance in the Cash account? bank service charges, note collected by the bank, and deposits in transit
Develop criteria to evaluate the effectiveness of the plan : In this assignment, you will assess a current semi-direct or indirect nursing situation that is in need of change. Observe a healthcare environment.
What will the required return on your company cash flows : The standard deviation of the market return is much lower, at 16% per year. What will the required return on your company cash flows
How would communicate with staff and students : How would communicate with staff and students about a school's safety plan? An overall school safety plan requires a process for identifying security needs

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine the type of foreign subsidiary for translation

Determine the type of foreign subsidiary for translation purpose and prepare a translated income statement for the year ended December 31,20x5

  How to obtain financial statements and other types

How to Obtain financial statements and other types of disclosures for 3 large publicly held banks in the United States. Analyze the disclosures for presence

  Requirements for reporting value of balance sheet accounts

Which of the following statements is the most accurate regarding GAAP requirements for reporting the value of balance sheet accounts on a company’s year-end financial statements?

  Compute the implied risk-free rate

A strike price of $130 and an expiration date in 12 months are $20 and $15, respectively. The current stock price is $130. Compute the implied risk-free rate

  Why might a country wish to implement capital controls

Why might a country wish to implement capital controls? Give two examples. What is Australia's current balance on services? What is the J-Curve adjustment path

  Prepare a multi-step income statement

Please help me prepare a multi-step income statement- Debits: Cash - $33,470, A/R - $37,170, inventory - $48,470, supplies - $8,970, Equipment - $139,940, sales returns & allowances - $4200, COGS - $495,400, salaries and wage expenses - $138,120, adv..

  Prepare schedule of safe payments and cash priority program

Prepare schedule of safe payments and cash priority program showing the cash distribution for the month of June and July

  Compute depreciation expense on the machine for the year

Compute depreciation expense on the machine for the year ending December 31, 2020, and the year ending December 31, 2021, using the Units-of-output.

  Company amortizes discount

The market interest rate is 6%. H company amortizes discount by the effective-interest method

  Calculate the value of repossessed stock

Calculate the value of repossessed stock and show the necessary accounts in the books of both the parties. Repossessed goods were repaired at a cost

  Make responsibility report for real estate products division

Make responsibility report for the Real Estate Products Division for 2020. Sunny Co. is operated as a profit center. Sales for the division were budgeted

  Question victory company uses weighted-average procedure

question victory company uses weighted-average procedure costing to account for its production costs. direct labor is

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd