What will be the worth of his portfolio after five years

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Reference no: EM131608740

Elliot makes $300,000 a year and pays 25% taxes on $150,000 and 30% 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 $350,000. 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: EM131608740

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