Calculate the accumulated amount of savings

Assignment Help Finance Basics
Reference no: EM132288838

You want to compare two separate retirement savings? scenarios: (A) and? (B). In scenario? (A) you start? immediately, contribute for a few? years, but then stop contributing.? However, you leave the accumulated savings to compound until retirement. In scenario? (B) you start later? (after the end of savings in scenario? A) and contribute all the way to retirement. Calculate the accumulated amount of savings at retirement for the two scenarios. Round to two decimal places

Scenario= A Annual payment= 4000.00 Payment period= end of years 1 to 16 Total number of payments= 16 Length of investment= 39 years Interest rate= 6%

Scenario= B Annual payment= 4000.00 Payment period= end of years 17 to 39 Total number of payments= 23 Length of investment= 39 years Interest rate= 6%

Reference no: EM132288838

Questions Cloud

Explain current and future issues facing correctional : Identify and explain current and future issues facing correctional and court administrators in addressing and managing potential human service needs.
Which school had the highest average of missed days : In this assignment, you will continue to use your pre-intervention asthma surveillance data set from the CDC in the Excel spreadsheet to analyze your database.
What is the market value of foster company : What is the market value of Foster Company's property, plant, and equipment, given the following market values of other assets, liabilities, and equity?
Should criminal justice managers be concerned : Should criminal justice managers be concerned with the personal aspects of employees' lives?
Calculate the accumulated amount of savings : Calculate the accumulated amount of savings at retirement for the two scenarios. Round to two decimal places
Prepare an EPC diagram for the Case Study : MITS5507 Business Process Management - Victorian Institute of Technology - prepare an EPC diagram for the Case Study - MouldPlast Ltd
What is teal corp stock price : The last dividend was $2.93, and it is projected to fall 4% per year indefinitely. If the required return is 7%, what is Teal Corp.'s stock price?
How important is first line supervisory training : How important is First Line Supervisory Training? Do you agree with the manner in which Sergeant Rick handled this situation?
Identify which social science discipline article represents : Part III of your Applied Final Project is an extension of Part II. Using the UMUC library databases, please identify 9 additional empirical, scholarly articles.

Reviews

Write a Review

Finance Basics Questions & Answers

  What happens to the mean of a set of scores

What happens to the mean of a set of scores if A constant a is added to each score in the set?- A constant a is subtracted from each score in the set?

  Calculate the total return

Immediately after you purchase the bond, yields fall to 7% and remain at that level to maturity. Calculate the total return, if you hold the bond for 5 years and then sell. interest annual.

  Discuss the owned in a tax-advantaged plan

Explain the difference between "directly-owned" and "owned in a tax-advantaged plan" investments. Discuss a strategy for using both types of ownership.

  What is the annual rate of return of purchase

That well-known real estatemogul Napoleon Bonaparte sold us 827,000 square miles (529,280,000 acres-there are 640 acresin a square mile). We paid $15 million. Assume that part of the US is worth an average of $5,000per acre in 2015. What is the an..

  European call option on a non-dividend-paying stock

Consider a six-month European call option on a non-dividend-paying stock. The stock price is $30, the strike price is $29

  Should huffman systems add the new home alarm system

The manufacturing equipment will be sold off a the end of the eight years for $210,000, and the cost of capital for this project is 14%.

  Calculate the new pe ratio of the firm

Bluechips has a new project that will increase earnings by $200,000 in perpetuity. Calculate the new PE ratio of the firm. PE ratio times.

  Why would a bondholder of a convertible bond exchange

?Why would a bondholder of a convertible bond exchange its relatively certain stream of cash payments for stock which has no assurance of dividends?

  What is relationship between insure participate in principal

Discussion: Principal Of Subrogation- What is the relationship between insured participates in this principal? How might it apply to you?

  Interrupt service routine for a timer overflow

What address does the HCS12 use to find the address of an interrupt service routine for a timer overflow?

  Calculate the equivalent annual annuity

What is it that you are calculating when identifying the EAA and how would you make a financing decision based on the EAA for two different projects?

  Based on the lecture and webtext materials

Based on the lecture and Webtext materials, address the following:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd