How much will she have when she begins her retirement

Assignment Help Finance Basics

Reference no: EM13271630

Jacqui Rhyu works for a company with a generous retirement program. The firm contributes an annuity of $52000 per year at the end of each year on her behalf. Jacqui estimates that she will work and therefore receive this benefit for the next 11 years, and then retire. Assuming the money can be invested every year at 6.35%, how much will she have when she begins her retirement in 11 years?

Reference no: EM13271630

Questions Cloud

Find what value of current limiting resistor is required : An LED is connected to a 74LS244 in an active-LOW configuration. The key parameters for the 74Ls244 are IOH=-15 mA, IOL=20 mA, VOH =2.0V and Vol=0.5V. The LED has a voltage drop of 2.0V and an operating current of 15 mA.

What is the age of the basket : An archeologist on a dig finds a fragment of an ancient basket woven from grass. Later, What is the age of the basket

Explain how many silver atoms does pure silver ring contain : A pure silver ring contains 2.80 x 10^22 silver atoms. How many silver atoms does it contain. Please show your steps and solutions.

Display a message that the value was not in the array : First, generate an array of 20 input random integers in the range between 0 to 30 and display. Then, sort the generated 20 random integer numbers in ascending order using "THE SELECTION SORT" method and display your sorted output data flow chart.

How much will she have when she begins her retirement : Assuming the money can be invested every year at 6.35%, how much will she have when she begins her retirement in 11 years?

Find angular frequency of underdamped electrical oscillation : Consider a fully charged 25.0- ? F capacitor, a 66.7- ? resistor, and an 30.0-mH inductor connected in a simple, What is the angular frequency of the underdamped electrical oscillation in this circuit

Explain adding a soluble pyrophosphate salt and heating : In the gravimetric determination of Zn^2+, 2.2024 g sample was dissolved and made up to volume in a 100.0 mL flask. A 10.0 mL aliquot were precipitated by adding a soluble pyrophosphate salt and heating the precipitate to a solid Zn2P2O7 (304.728 ..

Compute the amplitude of the motion : A spring of negligible mass stretches 3.00 cm from its relaxed length when a force of 7.70 N is applied. A 0.490-kg particle rests on a frictionless horizontal surface, What is the amplitude of the motion

Compute the concentration of each of the remaining ions : 1.20.00 ml of 0.100 F Pb(No3)2 (FW 331.2) are mixed with 15.00 ml of 0.125 F Nal (FW 149.9). Lead (II) and iodide form an insoluble salt pbl2 (FW 461.0) Calculate the concentration of each of the remaining ions after mixing. [Pb+2], [i-],[na+],[n0..

User Account

All Pages