Melissas wealthy uncle gives her 10000 as a graduation gift

Reference no: EM13396557

Melissa's wealthy uncle gives her $10,000 as a graduation gift. Melissa wishes to save this money and get an early start on preparing for her retirement. After analyzing several investment options, Melissa deposits the money in a stock index mutual fund. Melissa anticipates that on average the investment will earn 8% per year over the 40 years until retirement. What will be the value of Melissa's investment if she plans on retiring in 40 years?

Reference no: EM13396557

Questions Cloud

What are the next steps in your career plan what milestones : what are the next steps in your career plan? what milestones have you established in the career plan to monitor your

How do price expectations influence peoples behavior : several illustrations have been provided explaining a long position and how it contrasts with a short position. college

At the market price of 15 per unit how many units will be : assume that a firm in a perfectly competitive industry has the following total cost scheduleoutputtotal costaverage

Analyze the best price setting process used to establish : imagine that you work for a pricing strategy consulting business. select a business that will be your next client.write

Melissas wealthy uncle gives her 10000 as a graduation gift : melissas wealthy uncle gives her 10000 as a graduation gift. melissa wishes to save this money and get an early start

Ricky spends 10319 in additional interest and charges on : ricky spends 103.19 in additional interest and charges on monthly payments as the result of the prior bankrupsy if

Explain how innovative benefits could be tied to specific : write an eight to ten 8-10 page paper in which you1. determine how innovations in employee benefits can improve the

Write down a hypothesis explaining the phenotype of the : write a hypothesis describing the phenotype of the germinating tobacco seeds. include the approximate number of

Find out probability that cool-aire will incur the : cool-aire corporation manufactures a line of room air conditioners. its breakeven sales level is 33000 units. sales are

User Account

All Pages