Can I read FIN 401 Exam Formula Cheat Sheet on EtoBox?

FIN 401 Exam Formula Cheat Sheet by Stephanie Naamani is a document available to read on EtoBox.

What is FIN 401 Exam Formula Cheat Sheet about?

1) To save $1 million by age 65, starting annual deposits today at age 21, with a 9% annual interest rate, the required annual deposit amount is $20,000. 2) If the $1 million is needed at age 75 instead of 65, with the same 9% interest rate, the required annual deposit drops to $10,000. 3) To endow a $9,000 annual scholarship in perpetuity with an 8% endowment fund discount rate requires an initial donation of $112,500.

Author

Stephanie Naamani

Language

EN