Return on the investment immediately upon making the deposit

Assignment Help Financial Management

Reference no: EM131500420

Joannie is in the 39.6% tax bracket. She works for a company that matches 50% of employees' contributions to their 401(k) retirement accounts. Joannie decides to add $2,000 to her account, which she expects to earn an average of 4% annually until she retires in twenty years. What is Joannie's return on the investment immediately upon making the deposit?

Reference no: EM131500420

Questions Cloud

National search from commencing : Unfortunately, there was no one waiting in the wings, and a hiring freeze prevented a national search from commencing.

When evaluating a statement of cash flows : When evaluating a statement of cash flows which of the following would be considered an example(s) of cash flow from financing activities

How do your findings generalize to larger boards : A domino piece can be placed on a 2 x 3 checkerboard in seven different ways.

What is the rate of return for the stock : What is the rate of return (r) for the stock?

Return on the investment immediately upon making the deposit : What is Joannie's return on the investment immediately upon making the deposit?

Product design and service design : Research the following topics related to product design and service design:

Major function within a manufacturing system : Define the quality concerns of each major function within a manufacturing system. How does each element contribute to overall quality and customer experience?

Discuss positive and negative aspect of deontological theory : Discuss the positive and negative aspects of deontological theory as it relates to another of the theories you have encountered in this course.

What is market rate of return if the stock : What is the market rate of return if the stock is currently selling for $49.10 a share?

User Account

All Pages