Solution-What was the value of his ira at the end of 6 years

What was the value of his ira at the end of 6 years

Reference no: EM132509478

Ruben invested $1500 per year in an IRA each year for 6 years earning 14% compounded annually. At the end of 6 years he ceased the IRA payments, but continued to invest his accumulated amount at 14% compounded annually for the next 7 years.

a) What was the value of his IRA at the end of 6 years? This one equals 12803.28

b) What was the value of the investment at the end of the next 7 years?

Reference no: EM132509478

Questions Cloud

Analyze the major sociological theories : In this unit, you learned about sociological theories of crime. The course textbook and the unit lesson provide multiple ideas on the causes of criminal.

Analyse public health expenditure estimation strategies : Explain what cost-benefit analysis and cost-effectiveness analysis are and how they could be used to assist with resource allocation in relation to analysin

Find net operating profit after taxes must be : $30,000 in income tax expense in July. If this division reported a return on investment of 16.5% net operating profit after taxes (NOPAT) must be

How much does he need to invest today : If the father can earn 7.00% on his investments, how much does he need to invest today to reach his goal?

What was the value of his ira at the end of 6 years : What was the value of his IRA at the end of 6 years? This one equals 12803.28

What are the total cost of shirts and cost per shirt : What are the total cost of shirts and cost per shirt if sales amount to 2,000, 2,500, 3,000, 3,500, or 4,000? Is cost of T-shirts a fixed or a variable cost?

Think about some of the capital budgeting techniques : Think about some of the capital budgeting techniques you might use for some upcoming projects.

What implied return will investors receive at the current : If we value Crowe Industries using the constant growth model, what implied return will investors receive at the current price?

Examine constitutional protections for defendants : For this assignment, you will examine constitutional protections for defendants prior to trial by providing a detailed analysis of the criminal justice process.

User Account

All Pages

What was the value of his ira at the end of 6 years

Reference no: EM132509478

Reference no: EM132509478

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT