Compute how much money you would need to invest each year in the future for 54 years

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

Question:

Compute how much money you would need to invest each year in the future for 54 years in order to have $1 million in 54 years if you earn 8.88% per year.

B) Compute the monthly payment on a ten-year student loan of $38034 dollars if the APR is 3.79%?

Related Book For answer-question

Managerial Accounting Creating Value in a Dynamic Business Environment

ISBN: 978-0078025662

10th edition

Authors: Ronald Hilton, David Platt

See More Books

Posted Date: Apr 27, 2024 01:31 AM

See More Questions

Pigments in some bears are the result of epistasis between 2 genes. The black coat color is only produced when both wildtype forms of genes D and E are present. When gene D (D-ee) is wildtype alone,...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
A nutritionist at the Food and Drug Administration is studying the effects of cereal marketing on family meal choices. In particular, she would like to understand how cereal manufacturers market...
A warm can of soda is placed in a cold refrigerator. Sketch the graph of the temperature of the soda as a function of time. Is the initial rate of change of temperature greater or less than the rate...
Evil One drops Joe out a plane flying horizontally. After 2 seconds of thought, he throws a rock vertically down to scare Joe (even more). If the rock is moving 10 m/s faster than Joe when it passes...
For the flow of a thin film of a liquid with a depth $h$ and a free surface, two important dimensionless parameters are the Froude number, $V / \sqrt{g h}$, and the Weber number, \(ho V^{2} h /...
Nemo Company authorized and sold $90,000 of 10%, 15-year bonds on April 1, 2012. The bonds pay interest each April 1, and Nemos year-end is December 31. Required: 1. Prepare journal entries to record...
What is your understanding of the relevance of research within forensic psychology? Describe how the three basic research designs could be used in forensic psychology research. Explain the strengths...
Your company has just hired a new CEO, and you make an appointment with her to discuss a large financial project that you have been managing. You make the following statement: In our company, each...
a)According to the company's ACT 2019, Act 992 of Ghana, it is mandatory for every registered company to organise an annual general meeting (AGM). The AGM shall be held not earlier than twenty one...
2. Each of the following accounts either an Asset (A), Liability (L), or Shareholder's Equity (SHE) Mark the first blank with the appropriate classification. If you identified an item as either an...
using minitib solve. The level of an artificial flavoring in the juices follows a normal distribution with a mean of 100 L and a standard deviation of 30.2 L. Determine: Calculate the percentage of...
Read the summary of the case Daughtrey v. Ashe on page 369 of the Cheeseman textbook (Under "Critical Legal Thinking Cases") and in an original post explain to the class whether or not you think the...
Juan obtained a loan, in the amount of $500,000, to be paid in 24 months. The grace period is 6 months, the interest rate that it applies is 30%. a) What is the total debt at the beginning of the...
Why do you think that Americans disapprove of congress by a wide margin but habitually reelect their own members of congress? In your response, discuss challenges your own representative or senators...
Flicker, Inc., a closely held corporation, acquired a passive activity this year. Gross income from operations of the activity was $160,000. Operating expenses, not including depreciation, were...
Two small pith balls, initially separated by a large distance, are each given a positive charge of $5.0 \mathrm{nC}$. By how much does the electric potential energy of the two-ball system change if...
The negative terminal of a $9-\mathrm{V}$ battery is connected to ground via a wire. (a) What is the potential of the negative terminal? (b) What is the potential of the positive terminal? (c) What...
Two metallic spheres A and B are placed on nonconducting stands. Sphere A carries a positive charge, and sphere B is electrically neutral. The two spheres are connected to each other via a wire, and...

Compute how much money you would need to invest each year in the future for 54 years

Question:

Expert Answer:

A To find out how much money you would need to invest each year for 54 years in order to have 1 mill... View the full answer

Managerial Accounting Creating Value in a Dynamic Business Environment

Students also viewed these finance questions