What is the maximum amount he can invest every day

Assignment Help Financial Management

Reference no: EM132046053

Elliot makes $250,000 a year and pays 30% taxes on $150,000 and 35% on his remaining salary. His expenses are $110,000 (per year). He wants to invest a fixed amount EVERY day into an investment fund for 5 years and he hopes to get a 12% return.

What is the maximum amount he can invest every day? (Find the annual investment amount and divide by 365).

What will be the worth of his portfolio after 5 years?

After 5 years, Kassidy’s income increases to $300,000. He wants to reinvest for another 5 year, but this time, his return will be 10% and his expenses have increased by 15%. What will be the worth of his portfolio after 5 years (total of 10 years)?

What will the Present Value of his portfolio, assuming a 6% discount rate and NPER is 10 years?

Reference no: EM132046053

Questions Cloud

How might stress be different for male versus female officer : How might stress be different for male versus female officers? What are some of the unique stressors encountered in law enforcement?

Decides to invest in northern endowment fund : Henry decides to invest in a Northern Endowment Fund that has had a ten year average return of 8.5%.

Relationship between nominal and real interest rates : Determine the real interest rate using the exact relationship between nominal and real interest rates.

Determine net incremental cash inflow : Determine ABC's net incremental cash inflow that would result 11 years from now as a result of building the factory.

What is the maximum amount he can invest every day : What is the maximum amount he can invest every day? What will be the worth of his portfolio after 5 years?

Pay off her remaining mortgage : What will be her new NPER (how many years will it take for her to pay off her remaining mortgage)?

Assess the importance of business ethics : Watch the video titled, "The Importance of Business Ethics" located below. Next, go to the Society for Human Resource Managers' (SHRM) Website and read.

Discuss about the sexual harassment : Case 1 Misplaced Affections: Discharge for Sexual Harassment, Pages 116 (Chapter 3 ). Read the Case Study entitled, "Misplaced Affections.

What is the enterprise value for both companies : Which one is more liquid? Explain. What is the enterprise value for both companies?

User Account

All Pages