What if you wait ten years before contributing

Assignment Help Financial Management

Reference no: EM131967678

You have just made your first $4,500 contribution to your individual retirement account. Assume you earn an annual return 11.45 percent and make no additional contributions.

What will your account be worth when you retire in 43 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Account value $

What if you wait 10 years before contributing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Account value $

Reference no: EM131967678

Questions Cloud

How would each plans affect earnings per share : How would each of these plans affect earnings per share? Consider the current plan and the two new plans. (Round your answers to 2 decimal places.)

Established by the us government to encourage saving : Individual retirement accounts (IRAs) were established by the U.S. government to encourage saving. Is the IRA a good deal for Greg?

How much money does the firm expect to collect : Dewey's expects sales of $530, $560, $740, and $790 for the months of April through July, respectively. The firm collects 23 percent of sales in the month.

What is the npv of the investment in given problem : Dickinson Brothers, Inc., is considering investing in a machine to produce computer keyboards. The price of the machine will be $980,000, and its economic life.

What if you wait ten years before contributing : What if you wait 10 years before contributing? What will your account be worth when you retire in 43 years?

What is cash flow to stockholders : During the year, the company sold $100 worth of common stock. What is the cash flow to stockholders?

What are the irr andeturns to the developer and the fund : A developer puts in 5% equity and a fund puts in 95% of the equity for a development deal. Cash flow is to be distributed with the following order of priorities

The cash option payout : Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 19 years or as a? lump-sum cash option amount.

What is the current value of the bond in given case : Diane Carter is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar.

User Account

All Pages