What is the amount that he will have to save, Finance Basics

+44 141 628 6080
[email protected]

What is the amount that he will have to save

Johnson needs to have $60,000 in 8 years. To reach the goal, he intends to make monthly contributions to a savings plan. If he can earn 6 percent APR with monthly compounding on the savings plan, what is the amount that he will have to save each month for the next 8 years?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount that he will have to save

Reference No:- TGS0726917

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Explain whether board should approve the sale of the boat

An anonymous buyer has offered through a business broker to purchase the boat division from Colton for $50 million. Since the book value of the boat division is also $50 million, there would be no taxes on the sale.

Q : Central axis of the cylinder

What would a voltmeter read if it were connected between the surface and a point 1.00cm from the central axis of the cylinder?

Q : What is the leakage resistance

We can model this as a discharge of the capacitor through an internal "leakage resistance." A 0.49 capacitor charged to 3.2 will initially discharge with a leakage current of 0.30 . a) What is the leakage resistance?

Q : Find pressure in psig at valve if water temperature given

The air pressure maintained above the waer level in the tank is 5psig, and the water level in the tank is 50 ft above the valve. What is the pressure in psig at the valve if the water temperature is 70 degrees F?

Q : What is the amount that he will have to save

If he can earn 6 percent APR with monthly compounding on the savings plan, what is the amount that he will have to save each month for the next 8 years?

Q : Determine the leakage resistance

We can model this as a discharge of the capacitor through an internal "leakage resistance." A 0.49 F capacitor charged to 3.2 V will initially discharge with a leakage current of 0.30 mA . a) What is the leakage resistance?

Q : Compute and plot swing of bag and magnitute off the tension

A 10 lb bag is pushed off A and swings in a verticle plane and the end of rope l=5. Calculate and plot the swing of the bag and the magnitute off the tension as functions of the angle 0 to 90 in 5 increnments.

Q : Line connecting the midpoints of the two rods

What are the electric field strengths to at distances 1.0 cm, 2.0 cm, and 3.0 cm from the glass rod along the line connecting the midpoints of the two rods? Specify the electric field strength E1, E2, and E3

Q : Explain how much will you have at your retirement

Suppose you plan to retire in 40 years. If you make 10 annual investments of $ 1,000 into your retirement account for the first 10 years, and no more contributions to the account for the remaining 30 years.

1947349

Questions
Asked

3,689

Active Tutors

1413137

Questions
Answered

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

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount that he will have to save

Reference No:- TGS0726917

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Explain whether board should approve the sale of the boat

Q : Central axis of the cylinder

Q : What is the leakage resistance

Q : Find pressure in psig at valve if water temperature given

Q : What is the amount that he will have to save

Q : Determine the leakage resistance

Q : Compute and plot swing of bag and magnitute off the tension

Q : Line connecting the midpoints of the two rods

Q : Explain how much will you have at your retirement

Describe the results, including any scores

Discuss children diagnosed with developmental disabilities

Is lifespan psychologists are unlikely to investigate

Discussion about gender stereotyping

Problem regarding the america youth and social media

Outline a social issue that is important to you

Discuss three ethical guidelines that are important

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: What is the amount that he will have to save

Reference No:- TGS0726917

Recent Questions Asked Finance Basics

Q : Explain whether board should approve the sale of the boat

Q : Central axis of the cylinder

Q : What is the leakage resistance

Q : Find pressure in psig at valve if water temperature given

Q : What is the amount that he will have to save

Q : Determine the leakage resistance

Q : Compute and plot swing of bag and magnitute off the tension

Q : Line connecting the midpoints of the two rods

Q : Explain how much will you have at your retirement

Asked Questions