Solution-Amount contribution at the end of year

Amount contribution at the end of year

Assignment Help Business Management

Reference no: EM131228142

Please show all steps to finding the answer by hand. Thank you!

1.) Bill plans to fund his individual retirement account (IRA) with the equal amount contribution at the end of year for the next 20 years. If Bill can earn 12 percent on his contributions and he wants to accumulate $1,000,000 at the end of twentieth year. How much does he need to contribute each year to achieve his goal?

Reference no: EM131228142

Questions Cloud

Books for financial reporting purposes : Rock Solid Manufacturing, Inc., has acquired the net assets of Jelly Soft Manufacturing, Inc., for $10 million and now needs to address how the acquisition should be recorded on its books for financial reporting purposes and which intangible asset..

Four input nmos nand logic gate with a depletion load : Using approximation methods, determine K D/KL. -The maximum power dissipation in the circuit is to be 100μW. Determine (W/L)L and (W/L)D.

What is the expected bond price : a) Suppose the discount rate for the bond is given as 14%, what is the present value of the bond? b) Suppose you only want to hold the bond for three years only, what is the expected bond price when you are about to sell it at the end of third yea..

Describe an industry analysis and its purpose : Describe an industry analysis and its purpose. Give two examples of the types of questions an industry analysis might answer. In your discussion also include an analysis of the chosen two areas and how they affect the strategic planning process.

Amount contribution at the end of year : Bill plans to fund his individual retirement account (IRA) with the equal amount contribution at the end of year for the next 20 years. If Bill can earn 12 percent on his contributions and he wants to accumulate $1,000,000 at the end of twentieth ..

Which is not a stage of operations management : Which of the following is not a stage of operations management? In the , the firm begins with an assessment of whether they will lose or gain a competitive advantage by outsourcing the product or some aspect of its production.

Client with a legal service worth : You have provided your client with a legal service worth $8,500. Your client offers you the following cash flows instead of paying $8,500 today. Should you accept his offer if your opportunity cost is 10 percent?

Discuss any pertinent aspects of performance practice : Consider how the work balances aspects that could be considered "Classical" and "Romantic". Also discuss any pertinent aspects of performance practice through briefly evaluating two or three contrasting recordings of the chosen work

What are the advantages and disadvantages of each design : Explain formal and informal structures and decipher between traditional and non-traditional frameworks. Describe the characteristics that set functional, divisional, and matrix structures apart.

User Account

All Pages

Amount contribution at the end of year

Reference no: EM131228142

Reference no: EM131228142

Questions Cloud

Reviews

Write a Review

Business Management Questions & Answers

Company that you think successfully creates shared value

Define crystal agreed to serve on a company''s advisory board

What is the purpose of the statute of frauds

Global pay structures

Illustrate what type of entrepreneur is bill gates

Engaging employees in change

Communication style and leadershipfind a current or past

Describe each rule and discuss common violations

What is the most significant economic priority for jim

Organizational studies - change agents

Important information about spirituality in the

What is the theory of ethical relativism

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT