1.I want to have $2,000,000 saved by retirement. How much do I need to save each year for 40 years if the rate-of-return is 8%?
1.I want to have $2,000,000 saved by retirement. How much do I need to save each year for 40 years if the rate-of-return is 8%?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1.I want to have $2,000,000 saved by retirement. How much do I need to save each year for 40 years if the rate-of-return is 8%?
2.Company X is issuing bonds. They plan to issue 10,000, $1000 par, 6% bonds that pay semi-annual for 5 years.
What are the proceeds from this bond sale if the market rate is 7%?
3.If I think I need $100,000 a year in retirement for 30 years, how much do I need at retirement if the rate-of-return is 8%?
4.Company X is issuing bonds. They plan to issue 10,000, $1000 par, 6% bonds that pay semi-annual for 5 years.
If the
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