User Account

All Pages

What annual rate of return must Kirk earn

Assignment Help Accounting Basics
Reference no: EM133150723

Question - Kirk Van Houten, who has been married for 21 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume that the cost of the ring will be $11,500 in 9 years. Kirk currently has $4,491 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring?

Reference no: EM133150723

Questions Cloud

Provide a brief description of organisational policies : Provide a brief description of organisational policies, plans and procedures you would refer to for resource acquisition.
Analyze customer data in human resource management : How many separate databases do you use to hold and analyze customer data in human resource management?
Different between sustaining and disruptive technology : What is the different between sustaining and disruptive technology? Give at least 2 examples of each and describe their impact on business
What are the stages of the product life cycle : What are the stages of the Product Life Cycle (PLC)? What are the marketing implications of each stage?
What annual rate of return must Kirk earn : Assume that the cost of the ring will be $11,500 in 9 years. Kirk currently has $4,491 to invest. What annual rate of return must Kirk earn
Theoretical perspectives for understanding families : Discuss the theoretical perspectives for understanding families as outlined in Chapter 3 of Hanson & Lynch, Understanding Families
Average weekly operating costs : A company is planning to purchase one of two machines A or B. The price of these machines are very similar so the choice of the machine will be based on two fac
What amount will be reported in the estimated warranty : What amount will be reported in the estimated warranty liability account on the statement of financial position as at December 31, 2020
Discuss important developments in different contexts : 1. Discuss Important developments in different contexts related to the different business environments and environmental factors affecting businesses

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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