Amount accumulated at the time of her retirement

Assignment Help Financial Management

Reference no: EM131521946

Maria anguianos current salary is $65,000 per year, and she is planning to retire 25 years from now. She anticipates that her annual salary will increase by $3,000 each year. (That is in the first year she will earn $65,000 in the second year $68,000 in the third year $71,000 and so forth. She MB pland to deposit 5% of her yearlysalary into a retirement fund that earns 7% interest compounded daily. What will be the amount accumulated at the time of her retirement?

Reference no: EM131521946

Questions Cloud

Examine the concept of product life cycle analysis : Examine the concept of product life cycle analysis. Examine the nature of a strengths, weaknesses, opportunities, and threats (SWOT) analysis

What is discounted payback period : What is the discounted payback period if the discount rate is 5 percent?

Create a mission and vision statement for your organization : Create a mission and vision statement for your organization. Determine three (3) specific strategic goals that align with the ideals in those two (2) statements

What type of products do you consume the most : Wrap up with a discussion of your food consumption. What type of products do you consume the most? Do you eat organic or locally grown food?

Amount accumulated at the time of her retirement : What will be the amount accumulated at the time of her retirement?

Discuss the actions of the main characters in the film : Discuss the actions of the main characters in the film. What were their motivations? Their options?How did their "world view" influence their decision-making?

Opinions of the scientific community and american society : Go to the internet and research the opinions of the scientific community and American society surrounding infant and childhood immunizations.

Using the dividend discount model : Using the Dividend Discount Model and actual historical dividend payouts, risk free rates of return, Beta,

Describe the rationale for workers compensation : Explain the rationale for workers' compensation. What are the objectives of workers' compensation? Which one do you think is the most important, and why?

User Account

All Pages