Assume that Megan and Kevin 6% (after inflation and taxes on the car goals). In figuring the
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Assume that Megan and Kevin 6% (after inflation and taxes on the car goals). In figuring the savings required for Kevin's father's retirement fund, Megan and Kevin assume that they could earn 6.5% (after taxes and inflation ) on the money once his father retires. While they are accumulating the money, they feel they can take more risk and earn 8% after taxes and inflation. Using time value calculations, how much would Megan and Kevin have to save this year to be on track in meeting their goals for the second car?
Related Book For
Fundamentals of Financial Management
ISBN: 9780273713630
13th Revised edition
Authors: James van Horne, John Wachowicz
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