Future value of multiple annuities

Assignment Help Financial Management

Reference no: EM131461179

Future Value of Multiple Annuities Assume that you contribute $110 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $210 per month for another 20 years. Given a 6.5 percent interest rate, what is the value of your retirement plan after 40 years?

a) $251,198

b) $125,476

c) $300,240

d) $124,800

Reference no: EM131461179

Questions Cloud

Field of automatic computation similar : How were the work of Charles Babbage and the work of Alan Turing in the field of automatic computation similar? How did they differ?

Striking array of events that shaped our nation : Mary Fish Silliman lived through a striking array of events that shaped our nation's early history. From the great awakening to the revolutionary war

Why faith-based organizations should be involved in disaster : Your Director gives you a large task. Your task is to write a proposal on why faith-based organizations should be involved in disaster mitigation and planning.

Write a business plan for given business venture : MGT 190 Entrepreneurship and MGT 195. Business Policy and Strategy Assignment. Write a business plan for one of the two following ventures

Future value of multiple annuities : Future Value of Multiple Annuities Assume that you contribute $110 per month to a retirement plan for 20 years.

Compare long-term instruments and short-term risks : Compare long-term instruments and short-term risks, in terms of the various types of risk to which investors are exposed.

Find the pearson correlation coefficient : Formulate the hypotheses that could be used to determine whether the percentage of supermarket shoppers who believe that the supermarket Ketchup was as good as the national brand Ketchup differed from 64%.

Corporate bonds-t-bonds, and preferred stock : Corporate bonds, T-bonds, and preferred stock are all examples of which of the following?

Establish dominance in that sphere : As their empire grew, they had to build a navy and establish dominance in that sphere as well. Explain the significance of control of the seas.

User Account

All Pages