Find the value of your retirement plan

Assignment Help Finance Basics
Reference no: EM131936541

Question: Assume that you contribute $380 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $760 per month for another 30 years. Given a 7 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future value of multiple annuities $

Reference no: EM131936541

Questions Cloud

Difference in accumulation in real terms for an investor : How much is an investor's tolerance for risk worth over a long horizon? Calculate the difference in accumulation in real terms for an investor
Calculate the net cash flow for operating activties : Calculate the Statement of Retained Earnings using the format below and show how and why Retained Earnings increased by $22220 from 2015 to 2016
Create an abstract classnamedelementthat holds properties : Create an abstract classnamedElementthat holds properties of elements, including theirsymbol,atomic number, andatomic weight.
Compute the realized rate of return : Compute the realized rate of return, I/Y, for an investor who purchased the bond WHEN it was issued and who surrenders it today at the CALL price.
Find the value of your retirement plan : Assume that you contribute $380 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $760 per month.
Difference in your total payments for option : What is the difference in your total payments for each option? Is there a reason why you should not finance for more than 15 years? Give your reasons.
What is cash flow under current capital structure : What is her cash flow under the current capital structure, assuming the firm has a dividend payout rate of 100 percent?
What is the market value of the bond : If similar bonds are currently yielding 7% annually, what is the market value of the bond? Use semi-annual analysis.
How much money will you have in your savings account : If you invest $21,627 today at an interest rate of 6.32 percent, compounded daily, how much money will you have in your savings account in 15 years?

Reviews

Write a Review

Finance Basics Questions & Answers

  Capital investment decision

If the discount rate is 6.5%, were the owners correct in making this capital investment decision?

  Calculation of spot price

The current spot price of 1 barrel of crude oil is $120, the 1.75 year spot rate is 5% (c.c.), the (continuous flow of) storage costs of crude oil is 1% per year.

  How sensitive is operating cash flow to changes

A 4 year project has product which sells for $25, has $16 in variable costs and $180,000 fixed costs.To undertake the project requires a $540,000 investment.

  Equal versus the hypothesis

Using a probability of error, test the hypothesis that the market shares are equal versus the hypothesis that they are not equal (market 2 - market 1).

  Reward-to-volatility ratio for the equity fund

The rate on Treasury bills is 6.8%. Your client chooses to invest $120,000 of her portfolio in your equity fund and $30,000 in a T-bill money market fund. What is the reward-to-volatility ratio for the equity fund?

  Find ocf using given data

ABC, Inc., is considering purchase of a new equipment. The expected sales are expected to be $5,144,447. The annual cash operating expenses are expected.

  Jersey jewel mining has a beta coefficient of 12 currently

jersey jewel mining has a beta coefficient of 1.2. currently the risk free rate is 5 percent and the anticipated

  Problem that exists between owners and lenders

Briefly describe the agency problem that exists between owners and lenders. How do lenders cause firms to incur agency costs to resolve this problem?

  What are the public and private goods

Taman and Jane live alone in the jungle and have trained Cheetah both to patrol the perimeter of their clearing and to harvest tropical fruits.

  Find the future value of the ordinary annuities

Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given . R=$8000, 6% interest compounded annually for 20 years.

  What is sustainable growth rate for bad company, inc.

What is sustainable growth rate for Bad Company, Inc.? If it does grow at this rate, how much new borrowing will take place in the coming year, assuming a constant debt-equity ratio?

  Net advantage-disadvantage of re-working keyboards

What is the net advantage or disadvantage of re-working the keyboards?

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