Retirement and continues contributions

Assignment Help Finance Basics
Reference no: EM132235024

A self-employed person deposits $3000 annually in a retirement account that earns 8%. How much additional money will be in the account when the individual defers retirement and continues contributions until age 70 if the savings program starts when the person is age 40?

Reference no: EM132235024

Questions Cloud

Forward exchange rate under interest rate parity : If the dollar interest rate is 5% (for one year investment), the equivalent SF interest rate is 8%, and spot exchange rate is $1.10/SF, what is the one-year
Businesses are obligated to give more to communities : Debate that businesses are obligated to give more to communities than their specific goods and services.
Analyze various issues affecting the media business : Analyze ways in which different types of media content reflect and / or influence society's attitudes and behaviors. Analyze various issues affecting the media.
How much will she have accumulated if she retires at age 65 : She can save $2000 a year and earn 6% on this savings. How much will she have accumulated if she retires at age 65?
Retirement and continues contributions : A self-employed person deposits $3000 annually in a retirement account that earns 8%. How much additional money will be in the account
What forms of technology can be used to reduce hunger : What forms of technology can be used to reduce hunger and improve food security? Explain how these technical solutions can do that.
Describe the system you propose to model with a harmonic : carefully describe the system you propose to model with a harmonic oscillator equation. State the dependent variable and describe the rest position, the restoring force, and the damping. Address the three items above in the form of a short essay. In ..
Determine whether the machine should : (a) Determine whether the machine should be replaced using the NPV criterion
Require exporters to obtain special permission : Most countries create a list of “hostile” countries that require exporters to obtain special permission before the export is allowed to proceed.

Reviews

Write a Review

Finance Basics Questions & Answers

  At what marginal tax rate would you be indifferent

Which one should you choose and why? At what marginal tax rate would you be indifferent to the choice between California and ExxonMobil bonds?

  What is the expected return on a portfolio which is invested

what is the expected return on a portfolio which is invested 60 percent in stock A and 40 percent in stockB?

  How this transaction affected mci''s balance sheet

Identify the financial statement accounts affected, the direction of the effect, and the dollar amount of the effect on each account.

  How much will you pay for this stock

The company just paid a dividend of $4 per share. You require a 16 percent rate of return. How much will you pay for this stock?

  Which capital budgeting techniques increasing in popularity

Which capital budgeting methods do managers of large firms use the most? Why?

  Address arguments and counter-arguments

Objectively summarize the view of each writer.  Be sure to state the writers' names. Only summarize each writer's view--do not include your own views or opinions about the topic or about the writers' views. How did each writer address arguments and c..

  What is the goal of a media partnership

What three factors do DHS and its state and local partners need to address to improve its communications with the American people?

  How a yield curve would shift in response

Explain how a yield curve would shift in response to a sudden expectation of rising interest rates, according to the pure expectations theory.

  Which is the value of overland common stock overland has

which is the value of overland common stock? overland has just paid a dividend of 2.39. these dividends are expected to

  Estimate the expected price of the stock

Allegheny Publishing's stock is expected to pay a year end dividend, of $4.00. The dividend is expected to increase at a constant rate of 8% per year,

  Define real options managerial options strategic options

Define each of the following terms:a. Real options; managerial options; strategic options; embedded option b. Investment timing option; growth option; abandonment option; flexibility option c. Decision trees

  What cost allocation should the land receive

A parcel of corporate land was recently dedicated as the new plant site. What cost allocation should the land receive.

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