User Account

All Pages

Savings plan formula to calculate final balance

Assignment Help Finance Basics
Reference no: EM131851023

Imagine investing $250 monthly into a 401(k) retirement account that averages an APR of 7% compounded monthly. If this is done consistently for 45 years until retirement. Use the savings plan formula to calculate your final balance (future value). After this calculation, find how much of this future value is principal and how much is interest.

Reference no: EM131851023

Questions Cloud

About allocating cost basis : Mr. Brad, a client of the Center for Forestry Business, had a question about allocating cost basis
How much will you receive when the bonds mature : The bonds have a coupon rate of 7.5 percent paid semiannually and mature in 10 years. How much will you receive when the bonds mature?
Write a paper about urban prosperity : Write a paper about urban prosperity. APA style, Double space, Add the 5 pages in (City prosperity 2) word file so the total will be 20 pages.
Method to calculate federal income tax withholding : For each employee listed, use both the wage-bracket method and the percentage method to calculate federal income tax withholding.
Savings plan formula to calculate final balance : Use the savings plan formula to calculate your final balance (future value). After this calculation, find how much of this future value is principal
Water quality and contamination - drinking water quality : Based on the results of your experiment, would accept or reject the hypothesis you produced in question 1? Explain how you determined this
Advice on investing in bonds : Assume that someone asks you for some advice on investing in bonds. Assume that the person asking for advice would like to know
Briefly describe the shadow banking system : What is disintermediation? Briefly describe the shadow banking system.
What factors determine the beta of a stock : What factors determine the beta of a stock? Define and describe each. How is beta used in the Capital Asset Pricing Model?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd