You plan to invest $30,000 a year for 30 years. at what rate of return can you

Fantastic news! We've Found the answer you've been seeking!

Question:

You plan to invest $30,000 a year for 30 years. at what rate of return can you anticipate receiving $5,000,000 at the end of 30 years?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

See More Books

Posted Date: Aug 10, 2022 02:12 AM

See More Questions

Q3. Jaafar acquired 200,000 ordinary shares of Sally on 1 January 2020 at a total cost of RM300,000. At that date the accumulated profit of Sally was RM20,000. Shortly after, Sally declared and paid...
Sentosa Bhd memperoleh 80% kepentingan modal ekuiti Selasih Bhd pada 1 Januari 2019. Pada tarikh tersebut, perolehan tertahan Selasih Bhd ialah RM6,000,000. Sentosa Bhd acquired 80% equity interest...
Dolah Bhd was incorporated on 1 April 2020 to acquire the business of Syarikat Sky from 1 November 2019. Below is the Statement of Comprehensive Income of Dolah Bhd for the year ended 31 October...
If f (x, y, z) = 2xyz - 1 + x2z3, find the following. (a) f/x (b) f/y (c) f/z
Find the following values by using the Poisson formula. a. P (x = 5 | l = 2.3) b. P (x = 2 | = 3.9) c. P (x 3 | = 4.1) d. P (x = 0 | = 2.7) e. P (x = 1 | = 5.4) f. P (4 < x < 8 | = 4.4)
Suppose legislation is passed to repeal the major federal antitrust statutes. How do you think such a repeal would affect competition? Would competition between sellers continue much the same as...
In the months leading up to the 2016 election, Christopher Steele, a former British intelligence agent, was hired by a Washington, D.C., research firm to investigate whether then-candidate Donald...
Activity-based budgeting, Balanced Scorecard, and strategy Sippican Corporation (B)12 Refer to Case 5-36, the Sippican Corporation (A) case, which required time-driven ABC analysis. Sippican's senior...
Differentiate between Market and Book Value of an asset. Define how the Book Value of an asset is calculated for tax purposes. Explain how the market or sales value of an asset might be estimated.
Forrest runs Y Not Flowers, Inc. (YNF), a wholesale flower distributor with stores in several major metropolitan areas of the U.S. He is considering expanding his business, but he thinks his current...
Question 1 (6 marks) Choose an event type you are familiar with (e.g. music festival, sporting event, business event) and explain how the event could be used to generate awareness and activity in...
What is an insurance premium? Why do premiums vary? briefly explain the term insurance premim.
What are the pros and cons of the Linux OS. List the following in your answer: Brief history of the Linux OS Different Linux OS versions What is open source verses closed source In what...
Linux provides distributions that are geared for Linux servers. Research two Server distributions and discuss the following: How are Linux server distributions different? What additional information...
Which of the OSs provide support for multiprocessing? HOW
Maren Washington is the controller for Moab Company. Moab owns a building that is no longer used in Moab's production process. Moab is able to use the building as a storage facility. Because it is no...
Research the procurement department of a large firm and report on the questions that follow: Provide a comprehensive value chain analysis of the organisation. Discuss the supplier selection process...
The polar coordinates of a point are given. Find the rectangular coordinates of the point. (-1, - /3)
A relative sends you a U.S. government savings bond that matures in n years with a face value of $100. This means that the holder of this bond is entitled to collect $100 from the government n years...
When we discussed optimal behavior for consumers in Chapter 6, we illustrated that there may be two optimal solutions for consumers whenever there are non-convexities in either tastes or choice sets....
Social Norms and Private Actions: When asked to explain our actions, we sometimes simply respond by saying it was the right thing to do. The concept of the right thing to do is one that is often...
On 1 April 2013 a business purchased a machine costing 112,000. The machine can be used for a total of 20,000 hours over an estimated life of 48 months. At the end of that time the machine is...
(a) The following trial balance was extracted from the books of M. Jackson on 30 April 2017. From it, and the note below it, prepare his statement of profit or loss for the year ending 30 April 2017,...
On 1 January 2015 a business purchased a laser printer costing 1,800. The printer has an estimated life of four years after which it will have no residual value. It is expected that the output from...

You plan to invest $30,000 a year for 30 years. at what rate of return can you

Question:

Expert Answer:

Given Present value PV 30000 Future value FV 5000... View the full answer

Microeconomics An Intuitive Approach with Calculus

Students also viewed these economics questions