What interest should she get to be able to retire as desired

Assignment Help Econometrics
Reference no: EM13183730

Ann Isabel, a recent graduate from Tech, would like to be a millionaire when she will retire after 30 years. She would like to start with a deposit of $1,000 at the end of the first year and increase it every year by $400 thereafter. What interest should she get to be able to retire as desired?

Reference no: EM13183730

Questions Cloud

Compute the expected return after twelve months : A high-tech stock has the following potentials of either going up or down in next twelve months based on investment analysis of several stockbrokers.Potential Associated Increase Probability /DecreasePercentage as a young enterprising engineer, are..
State copies of the protein azurin : A spherical fat cell has a diameter of 2.47 micrometers. The fat cell contains three copies of the protein azurin. What is the molar concentration of azurin within the fat cell?
Compute the attractive force between a cation : Calculate the attractive force (in Newtons) between a cation with a valence of +3 and an anion with a valence of -2, the centers
State the densities for aluminum and iron : The densities for aluminum and iron are 2.7 g/cm 3 and 7.86 g/cm3, respectively. What is the ratio of the mass of an object made of aluminum to that of the same object made of iron?
What interest should she get to be able to retire as desired : Ann Isabel, a recent graduate from Tech, would like to be a millionaire when she will retire after 30 years. She would like to start with a deposit of $1,000 at the end of the first year and increase it every year by $400 thereafter. What interest..
Explain how many grams of sodium succinate : How many grams of sodium succinate (MW=140 g/mol) and disodium succinate (MW=162 g/mol) must be added to 1L of water to produce a solution with pH=6.0 and a total solute concentration
Determine the nominal interest gm paid to the chinese bank : Generous Motor Company took a short loan of $100M for two years from friendly bank in China. The company made a monthly payment of $1M for two years and wrote a check for $100M at the end of two years in addition to the $1M monthly payment. Determ..
What mass of carbon monoxide in grams is present in a room : What mass of carbon monoxide in grams is present in a room measuring 10.5 × 11.0 × 20.5 ft?
What is the profit-maximizing number of sheep to own : What is the profit-maximizing number of sheep to own for the 10 farmers Q7. What is your optimal choice if the other 9 farmers choose to own 5 sheep Q8. What is your optimal choice if the other 9 farmers choose to own 6 sheep Q9. What is your opt..

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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