What if you can earn an annual return of 5.59 percent

Assignment Help Finance Basics

Reference no: EM133430214

Question: You have decided that you want to be a millionaire when you retire in 44 years.

If you can earn an annual return of 11.18 percent, how much do you have to invest today?

Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

What if you can earn an annual return of 5.59 percent?

Reference no: EM133430214

Questions Cloud

Effective communication can be comprehended : Effective communication can be comprehended using Ralf Borton's First stage What?

Why are interest rates so low in the traditional core market : Why are interest rates so low in the traditional core markets of USD and EUR - What makes this "emerging market carry trade" so different from traditional forms

Identify injustice or inequity in our community : Identify an injustice or inequity in our community, provide a brief synopsis of the injustice.

What is the additional tax on this interest income : Assume the firm receives an additional $1 million of interest income form some bonds it owns. What is the additional tax on this interest income

What if you can earn an annual return of 5.59 percent : If you can earn an annual return of 11.18 percent, how much do you have to invest today and What if you can earn an annual return of 5.59 percent

Regarding street smarts being protective factor : What are your thoughts regarding street smarts being a protective factor and how might you as a future helper foster street smarts in your work

How the feds dealt with the great recession : Outline how the Feds dealt with the Great Recession in the U.S. Then, provide your recommendations in support of their behavior. Justify your recommendations

Clint is going through nasty divorce : Clint is going through a nasty divorce. Shayla tells Clint that his attorney's fees are outrageous and that he should report

What is the npv of the r and d investment : FIN 570 University of Illinois If you invest in R&D, you estimate that it will take 2 years to know whether the drug is successful or not

User Account

All Pages