Sarah needs 1 . 5 million for retirement in 4 0 years. She has a mutual fund

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

Question:

Sarah needs

1.5

million for retirement in

40

years. She has a mutual fund that will earn

4 %

anually. How much will sarah need to invest today?

Posted Date: May 06, 2024 02:20 AM

See More Questions

Your mother just received a $250,000 inheritance. If she invests her money in a diversified equity portfolio returning 8 percent per year, approximately how long will it take her to become a...
23. Time to Complete Final Exam. The time needed to complete a final examination in a particular college course is normally distributed with a mean of 80 minutes and a standard deviation of 10...
uantitative survey seeks _______. a-frequencies, b- means, c-quantities of data
What requirements must be met to deduct a trade or business expense? an expense related to the production of income?
CondoCleaners.com has been in business now for three years. The current years annual sales is $320,000, with cost of goods sold at $275,000. There is no debt, and the company has fixed assets of...
We have discussed a number of different energy sources and energy technologies in this chapter. Each has advantages and disadvantages. If you were an energy policy analyst, how would you compare such...
Michener Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing...
Janet Moody is one of XZY Companys most trusted employees. She never complains about her work and rarely misses work due to illness or vacation. The company has been successful over the years, but is...
Enco Dynamics purchased a tract of land from Spectrum Associates on July 1, 2010, by issuing a 5-year noninterest-bearing note with a face value of $150,000. Enco has a June 30 fiscal year end and...
Learning Outcomes 1. Implement a class with many members 2. Implement properties, initializers, and class methods 3. Override methods inherited from object 4. Design methods to avoid using mutable...
Find the distance between the points (90,36) and (96,28). Give an exact answer, simplifying any radicals.
A company has fixed costs of $6,000 per month and sells its product for $200 per unit. If variable costs make up 70% of the sales price per unit, how many units must the company sell in order to...
Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes...
Consider the following information: Rate of Return if State Occurs State of Probability of Economy State of Economy Stock A Boom .66 .12 Stock B .21 Stock C .39 Bust .34 .20 .08 -.08 a. What is the...
What are the gauge pressures at point A, B and C in each figure below? Water density is 1000 kg/m. The pressure po is the absolute pressure. Ambient pressure 101 325 Pa. Round off the answer to an...
Standard answer to the question: how has your practicum experience helped you grow personally and professionally
The roof of a refrigerated truck compartment is of composite construction, consisting of a layer of foamed urethane insulation (t2 = 50 mm, ki = 0.026 W/m K sandwiched between aluminum alloy panels...
The Raupe Lease has the following working interest owners: Reed Corporation 50%, League Energy 25%, and Sunshine Oil Company 25%. There is a 1/8 royalty on the lease. On April 1, 2011, Reed...
Identify the types of interests that are created in the following situations. If the interest is an overriding royalty or a production payment interest, also state whether it is a retained or...
Session Gas Company owns a 33.3% working interest in a lease in West Texas. Roger Williams, a local farmer, owns a 1/8 royalty interest in the lease. Session is the operator, and its partners, Rocky...

Sarah needs 1 . 5 million for retirement in 4 0 years. She has a mutual fund

Question:

Expert Answer:

To calculate how much Sarah needs to invest today for her retirement w... View the full answer

Students also viewed these finance questions