How large will your retirement account be in 31 years

Assignment Help Finance Basics
Reference no: EM13297432

You are to make monthly deposits of $800 into a retirement account that pays 9.8 percent interest compounded monthly. Required: If your first deposit will be made one month from now, how large will your retirement account be in 31 years?

Reference no: EM13297432

Questions Cloud

What is the effective stress 20feet deep for specific weight : Effective stress is defined as the overburden soil pressure less the buoyancy effect of water. What is the effective stress 20 feet deep if the specific weight of the dry soil is 113 pcf and the water table is 11 feet deep
Aluminum reacts with chlorine gas to form aluminum chloride : Aluminum reacts with chlorine gas to form aluminum chloride via the following reaction: \rm 2Al}+3Cl_2rightarrow2AlCl_3 What is the maximum mass of aluminum chloride that can be formed when reacting 26.0g of aluminum
Obtain the magnification of the microscope : A microscope has an objective lens with a focal length of 2.0cm, an eyepiece with a focal length of 0.25 cm, What is the magnification of the microscope
Explain what is the npv of this project : a. What is the Payback Period for this project? b. What is the NPV of this project, if the discount rate is 8.6%? Should the firm accept this project? c. What is the IRR of this project? Should the firm accept this project?
How large will your retirement account be in 31 years : You are to make monthly deposits of $800 into a retirement account that pays 9.8 percent interest compounded monthly. Required: If your first deposit will be made one month from now, how large will your retirement account be in 31 years?
Derive an equation for concentration of a chemical in a lake : Account for chemical reactions, groundwater flows, streams, precipitation, evapotranspiration. Indicate any assumptions that can be made to simplify your equation.
What will be the price of a pair of shoes in the u.s. : Now, suppose that—in addition to the 20% tariff (per pair) on imported shoes—the U.S. also imposes a 10% tariff on the imported components used by the shoe industry to make each pair of shoes. What is the effective rate of tariff protection (ERTP) fo..
Calculate the profit of bill straddle strategy : Calculate the profit (loss) of Bill's straddle strategy if three months later, the price of ABC stock is 0, $12, $25, $38, and $50, respectively.
What is the density of the unknown fluid : You come across an open container which is filled with two liquids. Since the two liquids have different density there is a distinct separation between them. what is the density of the unknown fluid

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!

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