You wish to have $1,500,000 by the age of 60 (30 years from now). If you can earn 8% interest on your investments, how much do you need to save per month, in order to achieve your goal?

How much is your monthly payment on a home mortgage with the following terms? Borrow $250,000 for 30 years at 5% annual interest.

The price of a preferred share of stock that pays a 3.00 dividend, has an expected return of 12%, and a tax rate= 30%?

Answer rating: 100% (QA)

To have 1500000 in 30 years with an 8 interest rate we can use the future value formula FV PV 1 rn W... View the full answer