Contribution to individual retirement account

Assignment Help Financial Management
Reference no: EM131860316

You have just made your first $5,000 contribution to your individual retirement account. Assume you earn an annual return 11.1 percent and make no additional contributions.

What will your account be worth when you retire in 43 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Account value            $

What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Account value

Reference no: EM131860316

Questions Cloud

Which type of fdi was the largest : Main Q: Cabo Verde, Tonga, Ukraine, Vietnam became members bt 2005-2010 .Why cover only Cabo Verde and Ukraine?
Describe the participants based on the hypothesis : Describe your proposed study so it can be evaluated in terms of ethical considerations and feasibility - Describe the participants based on the hypothesis
Find the annualized return for each of listed share prices : What is your annualized return from these two investments if, in six months, Show your work to find the annualized return for each of the listed share prices.
Price ceiling and price floor using demand and supply curves : Compare price ceiling and price floor using demand and supply curves discussed in class. Please use graphs to explain these questions.
Contribution to individual retirement account : You have just made your first $5,000 contribution to your individual retirement account. What will your account be worth when you retire in 43 years?
Enlargement the mean number of patients : The postanesthesia care area (recovery room) at St. Luke's Hospital in Maumee, Ohio, was recently enlarged. The hope was that with the enlargement
Discuss relationship to ana scope and standards of practice : Discuss Relationship to ANA Scope and Standards of Practice. Take position with your CLC group: Should continuing nursing education be mandatory for all nurses?
Annual deposits into retirement account : You make $5,100 annual deposits into a retirement account that pays an APR of 10.6 percent compounded monthly.
Sample of eight small banks : A recent article in The Wall Street Journal reported that the home equity loan rate is now less than 6%. A sample of eight small banks in the Midwest

Reviews

Write a Review

Financial Management Questions & Answers

  Why is planning enforcement important

Why is planning enforcement important and how does it operate in Victoria?

  Parties of the future contract after marking-to-market

A future contract is written on 100 shares of certain non-dividend-paying stock priced at $50. The contract expires in 3 months. What is the margin account balance of both parties of the future contract after marking-to-market?

  Credit card to relocate for his first job

A new employee charged $5140 on his credit card to relocate for his first job. After noticing that the interest rate for his balance was 24% compounded monthly, he stopped charging on that account. What monthly payment must he make to pay off the acc..

  How much external financing is required by berea

Berea Resources is planning a $75 million capital expenditure program for the coming year. How much external financing is required by Berea for the coming year?

  Value at risk for the portfolio

What is the three day 99% value at risk for the portfolio?

  Conflicts between debt holders and equity holders

Equity can be viewed as a call option and debt holders can be viewed as the owner of the firm who writes a call option. In addition, debt can be viewed as a portfolio of risk free debt and a short position in a put option. Provide a brief discussion ..

  What is alpha for the fad followers

Assume that the economy has three types of people. 20% are fad followers, 70% are passive investors, What is the alpha for the fad followers?

  Calculate the required return on equity for this firm

A firm has 500,000 shares of stock outstanding with a par value of $1 per share and debt outstanding with a par value of $1,000,000. The stock is selling for $10 per share, and the debt is selling at a discount (90% of par). If the firm were financed..

  What is the standard deviation of the revised portfolio

Research reported in the chapter shows that the correlation between the U.S. and Japanese stock markets is 0.35. Assume that the standard deviations of the two markets are 15 percent and 18 percent, respectively. What is the variance of the revised p..

  What is the economic ordering quantity

Diagnostic Supplies has expected sales of 194,400 units per year, carrying costs of $6 per unit, and an ordering cost of $8 per order. What is the economic ordering quantity? What is the average inventory? What is the total carrying cost?

  Actual exchange rate to the ppp implied exchange rate

Comparing the actual exchange rate to the PPP implied exchange rate, how much is GBP under or overvale?

  What is the net present value of the project

Cash flows. - If the firms tax rate is 40% and its after-tax cost of capital is 20%, what is the net present value of the project?

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