Home / Questions / In order to have $1 million 30 years from now when you retire (assuming 11% annual return)
In order to have $1 million 30 years from now when you retire (assuming 11% annual return), how much do you need to invest per MONTH (assume monthly compounding)?
5,024.00
9,523.00
356.00
29,111.00
Question 6
You invest $5,000 per year for 10 years, earning 8%. What is the Future Value?
33,550.00
10,794.00
72,432.00
51,526.00
Question 7 (1 point)
You need to have $50,000 20 years from now. You will earn 9%. How much do you need to save per YEAR, in order to have the $50,000 in 20 years?
2,500.00
977.00
74.00
5,477.00
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
Dec 03 2019 View more View Less
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown p...
Jul 13 2020Allocation Busters (AB) is a dispute mediation firm offering services to firms in disputes about cost allocations with government agencies. For March, AB worked 451 hours...
Apr 01 2020According to which of the following powers, people or groups may exercise influence, because others believe in them and their ideas?[A]Position[B]Legitimate [C]Expert[D]Referent
Dec 02 2017if ammonia is fed to a continuous reactor at a rate of 100.0moles NH3/H what oxygen feed rate (mole/h) would correspond to 10% excess O2?
Jun 11 2018The valence electron of sodium could have what set of four quantum numbers?
Jul 19 2021TRUE/FALSE1.Service businesses can be classified as wholesalers and retailers.2.The operating cycle involves the purchase and sale of merchandise inventory as well as the...
Jan 11 2020How do the requirements of the Americans with disabilities act affect the job analysis process?Please post a unique answer. This is our textbook: "Human resource manageme...
Apr 27 2021Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Parker Plastic had the following...
Apr 18 2020Suppose that when the price of hamburgers decreases, the Ruiz family increases their purchases of ketchup. To the Ruiz family,A) hamburgers and ketchup are complements. ...
Jun 12 2021When factor markets are competitive, it always pays a profit-maximizing firm toa.use more of the factor.b.bid very low prices for inputs.c.reduce the use of all inputs.d....
Feb 07 2020