business math
posted by Heather .
After looking at the results of her calculations, Naomi has decided to aim for $500,000 savings by the time she retires. She expects to have a starting salary after college of $25,000 to $35,000 and she has taken into account all of the living expenses that will come out of her salary. What will Naomi's annual deposits need to be accumulate $500,000 in a CD at 6%?
Respond to this Question
Similar Questions

accounting
Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +19,000 Merchandise Inventory 27,000 20,000 +7,000 PPE 60,000 78,000 18,000 Accumulated Depreciation (29,000) (24,000) ? 
business
Assume that at the beginning of 2000 Speedy Delivery a Fed Ex competitor purchased a 737 aircraft at a cost of 60,000,000 Speedy Delivery expects the plane to remain useful for 5 years (5 million miles) and to have a residual value … 
business math
After looking at the results of her calculations, Naomi has decided to aim for $500,000 savings by the time she retires. She expects to have a starting salary after college of $25,000 to $35,000 and she has taken into account all of … 
math
After looking at the results of her calculations, Naomi has decided to aim for $500,000 savings by the time she retires. She expects to have a starting salary after college of $25,000 to $35,000 and she has taken into acount all of … 
MATH
Please help check my answers to make sure they are correct. I used the "sinking fund payment and present value of an ordinary annuity" formulas to solve this story problem. Thanks! Story: Naomi Dexter is 20 years old. She decides to … 
Math
Please help check my answers to make sure they are correct. I used the "sinking fund payment and present value of an ordinary annuity" formulas to solve this story problem. Thanks! Story: Naomi Dexter is 20 years old. She decides to … 
mathfinance
suppose you are offered two identical jobs: one paying a starting salary of $40,000 with yearly raises of $2,000 and one paying a starting salary of $36,000 with yearly raises of $25,000. Which job will pay more over a 10 year period? 
Math
Bakery salary $24,000 Kitchen salary $26,000 Catering salary $30,000 Bar salary $30,000 Server/host $25,000 What department has the largest difference between the highest and lowest employee 
Math (statistics)
Suppose an employee starts working after completing her MBA at age 30 at a starting salary of $50,000. She expects an annual salary increase to be at minimum 1%, at maximum 5%, with a uniform distribution. Her retirement plan requires … 
Math
Mr. Hamm's salary has increased by 250% over the past 10 years. If his original salary was $28,000 per year, what is his current salary?