How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask F. Naz Your Own Question

F. Naz
F. Naz, B.Com
Category: Single Problem
Satisfied Customers: 5253
Experience:  Have completed B.Com and CA Finalist
20040807
Type Your Single Problem Question Here...
F. Naz is online now
A new question is answered every 9 seconds

1. a. Inflation is expected to average four percent term and

Customer Question

1. a. Inflation is expected to average four percent for the long term and Mr. Smith earned $50,000 this year. How much must he earn in 20 years just to keep up with inflation and maintain the balance between his income and his increasing expenditures?
b. Jamie wants to have $2,000,000 for her retirement in 25 years. How much should she save annually if she thinks she can earn 10 percent on her investments?
c. The Flemings will need $100,000 annually for 20 years during retirement. How much will they need at retirement if they can earn a four percent rate of return?
d. The Hamptons want to have $3,500,000 for their retirement in 30 years. How much should they save annually if they think they can earn eight percent on their investments?
Read more: http://www.justanswer.com/single-problem/6pzjl-show-work-1-a-inflation-expected-average-four.html#ixzz3haxvSY6r
Submitted: 1 year ago.
Category: Single Problem
Expert:  F. Naz replied 1 year ago.
Your answers are at link below, thanks.
http://wikisend.com/download/828448/finance questions time value of money.docx

Related Single Problem Questions