Jjob at the federal aviation administration

Assignment Help Finance Basics

Reference no: EM13796880

Deniece has accumulated $50,000 in her thrift savings plan at her job at the Federal Aviation Administration. The government puts in 1% of her pay and matches up to another 4% if she puts in 5% out of her pay. Deniece earns $80,000 a year and plans to add 5% from her income plus the agency 5% for a total of $8,000 per year. Her cousin Eugene says that if she invests in stocks, she can earn 12% per year because that has been the long term history. How much will she have in 25 years at retirement if she can earn 12% per year compounded annually?

Reference no: EM13796880

Questions Cloud

Environmental implications of deforestation : What are the long-term ramifications of drilling for oil in Bridger Teton National Forest if this is your topic selection?

Two important keys to successful revenue cycle : True or False: Two important keys to successful revenue cycle management are information technology and electronic claims processing. Question 47 True or False: Two years ago, you invested $1,000 in a healthcare stock. Your return during the first ye..

Equilibrium rate of return on assets-equation of yield : In an economy where the equilibrium rate of return on assets is 5 per cent per year, suppose there are three assets A, B and M. A is an acre of land and has an annual cash flow of $50 (received at the end of the year) and is not expected to appreciat..

Election process for the house and the senate : 1. Identify who makes up Congress and how many members. 2. Describe the election process for the House and the Senate.

Jjob at the federal aviation administration : Deniece has accumulated $50,000 in her thrift savings plan at her job at the Federal Aviation Administration. The government puts in 1% of her pay and matches up to another 4% if she puts in 5% out of her pay. Deniece earns $80,000 a year and plans t..

Individual assignment organizational design paper : Has the demand for more accountability affected the behavior of your organization in any way

Represents the gain to the producers after the subsidy : Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..

Draw the production possibilities curve : Draw the Production Possibilities Curve and determine the opportunity costs for a move from A to B; B to C; and C to D.

The concept of interprofessional collaboration issues : What negative outcomes will likely occur if the patient does not receive the care offered by the allied health provider?

User Account

All Pages