Question: help help im not sure what more info is needed Cash flow problems: a. Steve wants to have $2,000,000 in retirement funds in 30 years.
Cash flow problems: a. Steve wants to have $2,000,000 in retirement funds in 30 years. He anticipates an investment return of 8% per year. Calculate how much Steve needs to invest each year. b. From Question "a", how much Steve will need to invest each year if he starts investing funds immediately. c. Ms. Jun finances a car for $50,000. Her interest rate is 6% per year. Assuming she makes 5 yearly payments, calculate the amount of each yearly payment. d. From Question "c", assume she makes her first of 5 yearly payments when she purchases the car. Calculate the amount of each yearly payment. e. From Question "c", calculate the amount of Ms. Jun's payments if she makes monthly payments. 5. Cash flow problems: a. Steve wants to have $2,000,000 in retirement funds in 30 years. He anticipates an investment return of 8% per year. Calculate how much Steve needs to invest each year
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
