What annual rate of return must kirk earn on his investment, Finance Basics

+44 141 628 6080
[email protected]

What annual rate of return must kirk earn on his investment

Problem

Kirk Van Houten, who has been married for 23 years, would like to buy his wife an expensive diamond ring with a platinum setting on their 30-year wedding anniversary. Assume that the cost of the ring will be $12,000 in 1' years. Kirk currently has $4,544 to invest. What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What annual rate of return must kirk earn on his investment

Reference No:- TGS03258622

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : What innovative ideas could be used to help repay the bonds?

Debate the topic, citing all the pros and cons associated with the question. What innovative ideas could be used to help repay the bonds?

Q : Why are things like forecasting and projections important

Why are things like forecasting and projections important? Point out the specific financial statements that must be used and talk about why they are important.

Q : Is it rational to invest more heavily in stock once interest

You are considering this strategy as well. Is it rational to invest more heavily in stocks once interest rates have declined?

Q : What is your schedule monthly payment

What is your schedule monthly payment? What is the mortgage balance after making your scheduled payment for 5 years?

Q : What annual rate of return must kirk earn on his investment

What annual rate of return must Kirk earn on his investment to accumulate enough money to pay for the ring?

Q : What is your loan balance after ten years

You are purchasing a home for $150,000 at an 8% APR. Your loan period is 360 months. If your payment is $1,100.65, what is your loan balance after 10 years?

Q : Calculate the differential between the interest rates

Calculate the differential between the interest rates. Create a swap in which company A wants a variable interest rate and company B wants a fixed interest rate

Q : How you advise the farm owners regarding insurance coverage

After reading Case Study Wedding Scenario, explain how you would advise the farm owners regarding the insurance coverage on the farm house.

Q : What is your yield if you serve sixteen oz beers

What is your yield if you serve 16 oz beers? How much revenue will you generate from a single keg? How much is the contribution margin for a single keg?

1931632

Questions
Asked

3,689

Active Tutors

1414394

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What are required to determine annual depreciable amount

Question: Which of the following are required to determine the annual depreciable amount for an investment property?

What is allied industries receivable collection period

What is Allied Industries' receivable collection period (rounded to the nearest day)? 156 O 590 300 O 150

Problem on pro-business environment

Question: Boeing chose South Carolina as its Dreamliner assembly location because of the pro-business environment.

What did the bipartisan campaign reform act

What did the Bipartisan Campaign Reform Act of 2002 do? a. prohibited special interest groups from making

Describe their preferred influence strategies

Based on the documentary watched in class, how would you describe their preferred influence strategies?

How adverse opinion most likely should be expressed

An adverse opinion most likely should be expressed when The auditor cannot obtain sufficient appropriate evidence regarding the inventory count

Vendors statement of adjustments as debits

Which of the following items would appear on the vendor's statement of adjustments as debits?