How much will you have to use for retirement

Assignment Help Accounting Basics
Reference no: EM133031230

Problem - You have inherited $10,000 from your uncle. You decide to spend 1,035 on a vacation. The rest you will invest in a Roth IRA. You expect it to earn 8% over the next 45 years. How much will you have to use for retirement in 40 years? Post your answer as a positive whole number.

Reference no: EM133031230

Questions Cloud

Implement personal work schedule : Assume that you have just implemented your Personal Work Plan for a week. Write a report of not less than 300 words discussing your implementation of your Perso
Accounting for manufacturing overhead costs : Which one of the following indicates a difference in accounting for manufacturing overhead costs under full and variable costing?
What is popular of middle east in the us : 1. Who were the first immigrants of Middle east and their impacts on the development?
What is the value of a security with an expected growth rate : Based on the constant growth stock model, what is the value of a security with an expected growth rate of 0.03
How much will you have to use for retirement : The rest you will invest in a Roth IRA. You expect it to earn 8% over the next 45 years. How much will you have to use for retirement in 40 years
Discuss the salesperson skill : Recall a time you (or a friend) negotiated a major purchase such as a car. Discuss the salesperson's skill (or lack thereof) at genuinely listening to your (or
Explain data set to build a sociogram : Use Polls app in confluence to generate a poll in order to obtain a data set to build a sociogram. You have probably worked in on several group assignments duri
Hat is the amount of monthly mortgage payment for each loan : The McDonald Group is purchasing a piece of property for $1.2 million. What is the amount of monthly mortgage payment for each loan
Describe the interest rate risk : Describe the interest rate risk that she is facing. Is it better if interest rates increase or decrease? What will be the locked in sale price

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the market capitalization of the firm

What are their return on assets (ROA) and return on equity (ROE)? What are their short ratio?What is the average daily trading volume (Average Volume)?

  What is wilsons total depreciation deduction

This is the only property acquired this year and Section 179 expensing is elected. What is Wilson s total depreciation deduction for 2017?

  Compute the basic earnings per share

Assume that the following data relative to Kane Company for 2010 is available: Net Income $2,100,000. Compute the basic earnings per share for 2010

  What do different situations tell regarding managerial

If you are the employer, what are the steps you would take in order to avoid negative situations? What do different situations tell regarding managerial

  Jacobs inc 2012 sells purses at 3500 and has an earned

jacobs inc. 2012 sells purses at 35.00 and has an earned income is 67500. the company would like to have a net income

  Calculate freight cost based on the shipping class

Use the HLOOKUP function in cell H11 to calculate freight cost based on the shipping class and state to which the shipment is going

  Calculate the holding gain or loss on inventory

Aglow Ltd commenced business with $15,000 in May 2018, Applying financial capital, calculate the holding gain or loss on inventory

  Evaluation of corporate performance

The Final Project will involve applying the concepts learned in class to an analysis of a company using data from its annual report. Using the concepts from this course, you will analyze the strengths and weaknesses of the company and write a repo..

  Sold a used machine for 18000 in cash the machine

transaction analysis-various accounts prepare an answer sheet with the following column headings. for each of the

  Ken elects to use the foreign-earned income exclusion

Ken resided in Ireland from July 1, 2011, through June 30, 2012, visiting relatives. While he was there he earned $35,000 working in his cousin's pub.

  Record the activity on the books of Relish

Assuming the $300,000 purchase above represented 30% interest in Squall, use the equity method to record the activity for 2021 on the books of Relish

  Estimate the cost of the unit

It costs a contractor $13,750 to manufacture their first unit. The company expects to experience a 93% unit learning curve. Estimate the cost of the 14th unit

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