What is the value of your retirement plan

Assignment Help Financial Management

Reference no: EM132019499

Assume that you contribute $270 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $470 per month for the next 25 years. Given an 8 percent interest rate. What is the value of your retirement plan after the 40 years? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM132019499

Questions Cloud

Identify and define three key social issues : Identify and define three key social issues. Also, discuss how the issues impact your role as a criminal justice professional.

What would be the expected return of portfolio : What would be the expected return of a portfolio that consists of 30% of the first security and 70% of this second security?

What is the anticipated return on the security : The standard deviation is 8% and the beta is 1.8, what is the anticipated return on the security?

Research and review proposal for intelligence reorganization : The National Security Act of 1947 established the legal framework for the United States Intelligence Community (USIC), including U.S. counterintelligence.

What is the value of your retirement plan : Given an 8 percent interest rate. What is the value of your retirement plan after the 40 years?

What would be the standard deviation of portfolio : What would be the standard deviation of a portfolio that consists of 30% of the first security and 70% of this second security

How has modern technology been a detriment to the us : How has modern technology been a detriment to the U.S. counterintelligence mission? Explain.

Maturity risk premium on the two-year treasury security : Calculate the maturity risk premium on the 2-year Treasury security

Explain the four truth test and illustrate each with example : Explain the four truth tests and illustrate each with an example of a belief that would be true by its standards.

User Account

All Pages