Contribution to your individual retirement account

Assignment Help Financial Management

Reference no: EM13945407

You have just made a $1,500 contribution to your individual retirement account. Assume you earn a rate of return of 8.7 percent and make no additional contributions. How much more will your account be worth when you retire in 25 years than it would be if you waited another 5 years before making this contribution?

$6,306.16

$4,658.77

$3,311.18

$6,907.17

$4,117.64

Reference no: EM13945407

Questions Cloud

Strategic human resource management : Order Description analysis and recommendation report in Human resource management for a certain case study. Rail Wars - may the HR force be with you!

What implications of having such a flexible religious system : Many people have heard of the caste system even if they have not studied it in detail. To what extent should external moral and social norms be permitted to limit, infringe or supersede indigenous religious beliefs and customs?

Anderson systems is considering a project : Anderson Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV?

How would you use the data provided in the deloitte report : How would you use the data provided in Deloitte Report to structure a risk analysis for your financial institution? Identify risks, probability, severity, costs, and recommended controls.

Contribution to your individual retirement account : You have just made a $1,500 contribution to your individual retirement account. Assume you earn a rate of return of 8.7 percent and make no additional contributions. How much more will your account be worth when you retire in 25 years than it would b..

What opinions each of the women might have on the role : What opinions each of the women might have on the role the women should play in society during their lifetimes. (750-1,000 words)

Program to convert fahrenheit to celsius : Layout the planned structure and steps to accomplish the individual programs. Ensure brief, accurate and complete detailed instructions in the form of pseudocode, not code. Construct two brief explanations for the pseudocode. Provide both programs..

Company issue a new series of bonds : A company issue a new series of bonds on January 1 1988. The bonds were sold at a 1000 par value, had a 12% coupon and mature in 30 years on December 31, 2017. Compounding are made semiannually( June 30 & Dec. 31) what was the yield to maturity on Ja..

Discuss stem cell research : An ethical dilemma is something that people have different ideas on its "rightness" or "wrongness." For instance, if the assignment was to discuss stem cell research, you would have to discuss the pros and cons surrounding abortion (fetal stem cel..

User Account

All Pages