User Account

All Pages

Fund has earned an annual return

Assignment Help Finance Basics
Reference no: EM132013371

Dominique has just turned 62 and she has deposited her annual payment of $15,000 into her retirement account. She made her first such saving deposit into this fund on her 34th birthday. Dominique has also retired and wants to figure out how much money she has in her retirement account for her retired life. You are Dominique's friend who knows finance. How much is Dominique's savings worth today given that the fund has earned an annual return of 3.0%? (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)

Reference no: EM132013371

Questions Cloud

Why was the change made to icd-10 : When was it mandated to begin? What were the delays? Why was the change made to ICD-10?
What price will the state bonds sell : Which pay 1% interest compounded annually, at what price will the state bonds sell, assuming they make no cash prior to maturity?
Define and explain why segmentation is needed : If you are choosing a large global company, you MUST create a new product. However, this new product may be an upgrade of an existing product.
What is the probability of exactly two samples are defective : What is the probability of producing more than 26,000 cans per day - Random Variable Distributions Scenario Assignment
Fund has earned an annual return : How much is Dominique's savings worth today given that the fund has earned an annual return of 3.0%?
Eurodollar futures price quote for a contract maturing : Estimate the 3-month Eurodollar futures price quote for a contract maturing in 6 months.
Compute the predetermined overhead rate : Assuming that Hicks and Greene allocates overhead to jobs using direct labor cost as the cost driver, compute the predetermined overhead rate
Describe how sunk costs and opportunity costs : Describe how sunk costs and opportunity costs affect a project's cash flows.
Find a journal article online about just-in-time inventory : Find a journal article online about just-in-time inventory systems. Post a link to that article with your initial post, and provide a summary and a reaction.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money 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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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