Homework

Ask a Homework Question, Get an Answer ASAP!

Have your own Homework question?

17 Tutors and Teachers are Online Now

characters left:

Not a Homework Question?

Question

I will retire in 18 years. I currently have 250,000.00. I think I will need 1,000,000.00 at retirement.What interest rate must I earn to reach my goal, assuming I don't save any additional funds. I will need some examples for the first few years and then I can continue from there.
Make sure to represent the savings as an investment with whih future value will be accumulated

Submitted: 20 days and 18 hours ago.

Category: Homework

Value: $9

Status: CLOSED

Level/Year: phd
Subject: financial management

Already Tried:
Just the information required, do not know how to calculate it and enter in excell table. Years to retirement 18 Present value of savings -250000 Future value required XXXXXXX

Posted by calcProf 20 days and 18 hours ago.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

20 days and 18 hours ago.

Reply

I need to know how you came to the answer 8.006%. I opened the excel sheet and saw how you calculated the yearly amounts but do not see a calculation of how you determined the rate. Thanks.

Accepted Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Accepts:
Expert:	calcProf
Pos. Feedback:	100.0 %
Answered:	11/2/2009

Engineer

Ph.D in Engineering, 20 years experience in research and development

20 days and 18 hours ago.

Reply

Again, you have came through. Thanks for making it more clear.

Posted by calcProf 20 days and 17 hours ago.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

20 days and 17 hours ago.

Reply

Sorry to bother I can not get it to calculate with your figures, what am I doing wrong I keep getting the 250000 for the answers

I am using a table that goes left to right not top to bottom does that make a difference?

0 250000 1 2 3 4

pv=250000 fv=1000000

required interest rate=

Posted by calcProf 20 days and 16 hours ago.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

20 days and 16 hours ago.

Reply

where do I upload

Posted by calcProf 20 days and 16 hours ago.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

20 days and 16 hours ago.

Reply

Here is the file

It is the third tab I beleive.

Posted by calcProf 20 days and 16 hours ago.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

20 days and 16 hours ago.

Reply

thank you now, it is clear how to calculate.

Posted by calcProf 20 days and 16 hours ago.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

14 days and 15 hours ago.

Reply

Hello calcprof: I have posted an assignment with an excell spreadsheet with your name on it. Upon completiom I will include a bonus for you. I hope you are on tonight. I waited so long for them to answer me back I was late and lost points. Thanks, XXXXXXXXXX.

14 days and 5 hours ago.

Reply

this was a reply, this quesiton has been answered and paid for previously by calcprof.

Posted by calcProf 14 days and 4 hours ago.

Info Request

I will close this one also to avoid any confusion. Thanks for accepting XXXXXXXXXX.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Homework

Have your own Homework question?

Related Homework Topics:

Question

Optional Information

Level/Year: phd
Subject: financial management

Already Tried:
Just the information required, do not know how to calculate it and enter in excell table. Years to retirement 18 Present value of savings -250000 Future value required XXXXXXX

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

I need to know how you came to the answer 8.006%. I opened the excel sheet and saw how you calculated the yearly amounts but do not see a calculation of how you determined the rate. Thanks.

Accepted Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

Again, you have came through. Thanks for making it more clear.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

Sorry to bother I can not get it to calculate with your figures, what am I doing wrong I keep getting the 250000 for the answers

I am using a table that goes left to right not top to bottom does that make a difference?

0 250000 1 2 3 4

pv=250000 fv=1000000

required interest rate=

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

where do I upload

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

Here is the file

It is the third tab I beleive.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

thank you now, it is clear how to calculate.

Answer

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Reply

Hello calcprof: I have posted an assignment with an excell spreadsheet with your name on it. Upon completiom I will include a bonus for you. I hope you are on tonight. I waited so long for them to answer me back I was late and lost points. Thanks, XXXXXXXXXX.

Reply

this was a reply, this quesiton has been answered and paid for previously by calcprof.

Info Request

I will close this one also to avoid any confusion. Thanks for accepting XXXXXXXXXX.

Homework

Have your own Homework question?

Related Homework Topics:

Question

Optional Information

Level/Year: phdSubject: financial management Already Tried: Just the information required, do not know how to calculate it and enter in excell table. Years to retirement 18 Present value of savings -250000 Future value required XXXXXXX

Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

I need to know how you came to the answer 8.006%. I opened the excel sheet and saw how you calculated the yearly amounts but do not see a calculation of how you determined the rate. Thanks.

Accepted Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

Again, you have came through. Thanks for making it more clear.

Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

Sorry to bother I can not get it to calculate with your figures, what am I doing wrong I keep getting the 250000 for the answers I am using a table that goes left to right not top to bottom does that make a difference? 0 250000 1 2 3 4 pv=250000 fv=1000000 required interest rate=

Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

where do I upload

Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

Here is the file It is the third tab I beleive.

Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

thank you now, it is clear how to calculate.

Answer

THIS ANSWER IS LOCKED!You can view this answer by clicking here to Register or Login and paying $3.

Reply

Hello calcprof: I have posted an assignment with an excell spreadsheet with your name on it. Upon completiom I will include a bonus for you. I hope you are on tonight. I waited so long for them to answer me back I was late and lost points. Thanks, XXXXXXXXXX.

Reply

this was a reply, this quesiton has been answered and paid for previously by calcprof.

Info Request

I will close this one also to avoid any confusion. Thanks for accepting XXXXXXXXXX.

Related Homework Questions

Level/Year: phd
Subject: financial management

Already Tried:
Just the information required, do not know how to calculate it and enter in excell table. Years to retirement 18 Present value of savings -250000 Future value required XXXXXXX

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Sorry to bother I can not get it to calculate with your figures, what am I doing wrong I keep getting the 250000 for the answers

I am using a table that goes left to right not top to bottom does that make a difference?

0 250000 1 2 3 4

pv=250000 fv=1000000

required interest rate=

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

Here is the file

It is the third tab I beleive.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.