You want to be a millionaire when youretire in 40 years. How much do you have to
Question:
You want to be a millionaire when youretire in 40 years. How much do you have to save each month if you can earn anannual return of 10.5 percent? How much do you have to save each month if you wait10 years before you begin your deposits? 20 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
To calculate how much you need to save each month to become a millionaire when you retire in 40 year...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Business questions
-
Fill in the missing properties in the following table if the air occupies a 10-m3 volume. P (kPa) C) (m/kg) (kg/m) (N) T i 200 200 400 1N 0.08 ii) 600 iv) 40 40 20
-
Which choice best describe the polarity of ClF5? a) The molecule is polar and has polar bonds. b) The molecule is nonpolar and has polar bonds. c) The molecule is polar and has nonpolar bonds. d) The...
-
You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn a 12 percent annual return? How much do you have to save if you wait 10 years before...
-
6. Kindly describe the accounting framework. What are the elements and how do they effect the financial statements? 7. What does the accounting model specify? What are the elements involved?
-
Does FASB Statement No. 87 specify the minimum amount that a company must pay into its pension fund each year? If not, how is the amount determined?
-
Sally purchased a new computer (5-year property) on June 1, 2019, for $4,000. Sally could use the computer 100% of the time in her business, or she could allow her family to use the computer as well....
-
Local 366 of the Brewery, Bottling, Can & Allied Industrial Union called a strike against the Coors bottling plant in Golden, Colorado. Local 366 was affiliated with the AFL-CIO and received...
-
1. Based on the discussion of health plans in the text and the description in this case, why do you think GE wanted to move all employees into consumer-driven health plans? 2. What are the risks of...
-
Derbyshire Corporation has the following investment securities as of December 31, 2016. Security Cost Fair Value A $17,000 $16,000 B 23,000 26,000 C 32.000 28.000 $72.000 $70,000 Prepare the journal...
-
Two actuaries, A and B, use a two-period binomial forward tree to compute the prices of a European call and a European put using different parameters. You are given: Describe the relationship between...
-
What is the relationship between thevalue of an annuity and the level of interest rates? Suppose you just bought a 13-yearannuity of $7,500 per year at the current interest rate of 10 percent per...
-
What is the difference between instrumental and terminal materialism?
-
During the current year, a company exchanged old equipment costing $ 6 4 , 0 0 0 with accumulated depreciation of $ 5 0 , 0 0 0 for a new truck. The new truck had a cash price of $ 8 0 , 0 0 0 and...
-
Is there a difference between a Leader and a Manager; if yes, what and what are the differences? What is the message of the video ? https://youtu.be/TQhns5AwAkA
-
Thomas Inc. purchased 90% of Tracy Co. for $990,000 when the book value of Tracy was $1,000,000. There was no premium paid by Thomas. Tracy currently has 100,000 shares outstanding and a book value...
-
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An...
-
A Community Hospital has two (2) service departments: Maintenance and Food Services. The hospital has three (3) patient care units, namely: General Medicine, OB, and Surgery. Additional information...
-
Let A be an n n matrix. Prove that if Ax = x for all n 1 matrices x, then A = In.
-
Subtract the polynomials. (-x+x-5) - (x-x + 5)
-
An insurance company is offering a new policy to its customers. Typically, the policy is bought by a parent or grandparent for a child at the child's birth. The details of the policy are as follows:...
-
For each of the following annuities, calculate the annual cash flow. Future Value ________Years _________Interest Rate $ 25,000 .................... 8 ............................ 5% 1,000,000...
-
For each of the following annuities, calculate the future value. Annual Payment ________Years _________Interest Rate $1,500 ........................... 10 .......................... 8% 5,000...
-
Market value balance sheet below (in millions). Net working capital= $550 Debt= $800 Long-term Assets= $2150 Equity= $1900 Value of Firm= $2700 =$2700 The debt is yielding 7% and the cost of equity...
-
Application Exercises IPF PPS: Use the information found in figures 1 and 2 (below), Tables 6.5-6.9 and figure 6.7 from the textbook to complete table 1 and worksheet A&B in order to determine the...
-
Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In order to manage its inventory more effectively and make revenue projections, the company would like to better predict...
Study smarter with the SolutionInn App