What return do you need to reach your goal

Assignment Help Financial Accounting
Reference no: EM132927870

Question - You believe you need $1,500,000 to retire comfortable at the age 60. You are currently 30 years old and have $350,000 in the bank. What return do you need to reach your goal?

Reference no: EM132927870

Questions Cloud

Determine the minimum annual sales required : Assuming an average customer places four orders per year, determine the minimum annual sales required to break even on a customer
What would be the APR : You are looking for credit cards. You never want to pay more than 11.2% effective rate per year. What would be the APR
What is the effective interest rate per year : The loan is for $550 and you pay it back 9 days later. You end up paying them back $675. What is the effective interest rate per year
Emerging market analysis assessment : Emerging Market Analysis - Briefly discuss background of the organization, it's business, competitiveness, annual revenue, degree of competition
What return do you need to reach your goal : You believe you need $1,500,000 to retire comfortable at the age 60. What return do you need to reach your goal
How much money will be in the account : If you put $510 in a savings account at the beginning of each year for 30 years, how much money will be in the account at the end of the 30th year
Analyzing the sales forecast for root beer : Analyzing the sales forecast for root beer, what preliminary course of action do you recommend (in-house or out-source production) and why
What is the highest acceptable manufacturing cost : Market research Indicates that a cover like this would sell well In the market priced at $25.50. What is the highest acceptable manufacturing cost
What are the five components of pension expense : Companies with defined benefit pension plans must recognize pension expenses each period. What are the five components of pension expense

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is firm return on owners equity

Its owners' equity totaled $2,500,000. Based on these amounts, what is firm's return on owners' equity?

  Fund is earning a low

Jimmy has $255,906 accumulated in a 401K plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place at the end of each year starting a year from now. How soon will the fund be exhausted if Jimmy withdraws $30,000 each yea..

  How do you prepare a statement of cash flows

That is, how do you prepare a statement of cash flows using the indirect method? Don't use numbers but explain the mathematical calculations and line items.

  What approximate annual rate of growth

At maturity in 16 years, it will be redeemed for $1,000. What approximate annual rate of growth does this represent

  Use the allowance method for estimating bad debt

You have started a business that has now been going for a couple of years. Due to the increased volume in sales, you have started noticing more bad debt and want to use the allowance method for estimating bad debt. Would you use the percentage of sal..

  Economical house painting company painted for houses

Economical house painting company painted for houses in June at $500 each at the end of June 3 homeowners had paid economical cash for the jobs under the accrual basis what amounts will be reported on the income statement and the statement of cash fl..

  Provide journal entries that would need to be made in books

How Provide the journal entries that would need to be made in the books of La Arabia Ltd to account for the above transaction for the year ending 30 June 2020.

  What is the treatment of committed work

What is the treatment of committed work in progress construction contract in business combination, can future benefits be capitalised as Intangible assets at acquisition date?

  Explain and justify given trend and outline its implications

The above trends suggest an increasing use of sophisticated techniques linked with an increase in  payback. You are required to explain and justify this trend, and outline its implications.

  How much can muzan corporation expect to receive

Demon Slayer Inc. owes Muzan Corporation P60,000, If the dividend to general unsecured creditors is 80% how much can Muzan Corporation expect to receive?

  Determine what is the total stockholder equity

What is the total stockholder's equity? Paid-in Capital in Excess of Par $40,000. Common Stock $500,000. Retained Earnings $190,000

  What will be the balance reported as a liability by hewlitt

Assuming the interest rate for this lease is 10%. what will be the balance reported as a liability by Hewlitt in the December 31, 2019, balance sheet?

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