You make the first deposit at the end of the first year

Assignment Help Financial Management

Reference no: EM131989954

1. How much money would you need to place each month into a 12% investment opportunity (starting one month from today- which happens to be when you’ll turn 22 years old) in order that you’ll have $2.5 million for retirement when you turn 55? a. $495.68 b.$25,496 c. $7300.77 d. $5948.18 e. $563.12 could you show me the steps

2. You decide to buy a condo 5 years from now, and save $2500per year you deposit the money in a bank account that pays 4% interest, and you make the first deposit at the end of the first year. How much you have after 5years?

Reference no: EM131989954

Questions Cloud

The life insurance lump-sum death proceeds : If primary lump-sum beneficiary is living when insured dies, contingent beneficiary has no legal right to any of the life insurance lump-sum death proceeds.

What is the npv of this? investment : You have an investment opportunity in Japan. What is the NPV of this? investment? Is it a good? opportunity?

Calculate the company after hedge profits per bushel : Calculate the company's after hedge profits per bushel of corn if the actual price of corn in six months is $3.50 per bushel.

What is your net profit on position : If you sell these options today on 10,000 SGD and at maturity SGD is quoted at bid price of 0.81 USD/SGD, what is your net profit on this position?

You make the first deposit at the end of the first year : you deposit the money in a bank account that pays 4% interest, and you make the first deposit at the end of the first year.

Internal rate of return-payback period for projects aspire : A calculation of the Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Period for projects Aspire and Wolf.

How can investors guide against inflationary economy : How can investors guide against an inflationary economy that may erode the value of their investments?

An inflation-indexed treasury bond : An inflation-indexed Treasury bond has a par value of $1,000 and a coupon rate of 6 percent.

Principle remaining outstanding at end of month seven equals : What is the effective annual rate of return on Rossie stock? Principle remaining outstanding at end of month seven equals?

User Account

All Pages