 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Finance Homework
John West is 40 years old. He is a young executive and his salary is $1 mil a year. His income is expected to grow at 10% for every year he works. John wants to retire at 55 and he wants to save 20% of his salary every year. John can invest at 7%.
What is the present value of John's savings? |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
If the rate of discount is 20 percent? a. would you rather receive $100 today or $120 in one year? b. Would you rather receive $205 today or $240 in one year? c. Would you rather receive $500 in one year or $610 in two years?
I am having an issue solving and catching on to a finance homework question. I have part of it done but am having issues on where to find certain numbers. Here is the question and what I have thus far. Abe Forrester and three Of his friends from college have interested a group of venture...
4. There are few, if any real companies with negative betas. But suppose you found one with beta =-.25. a.How would you expect this stock's rate of return to change if the overall market rose by an extra 5 percent? What if the market fell by an extra 5 percent? b.You have $1 million invested...
1.)if you deposit money todayinto an account that pays 6.5% interest, how long will it take you to double your money? 2.) you have 42,180.53 in a brokage account and you plan to contribute an additional $5000.00 at the end of every year. The brokage account has an expected annual return of 12%....
View more questions Search
|
