What will the rate on the retirement account need to be

Assignment Help Financial Accounting
Reference no: EM133419404

Question: Derek can deposit $13,120.00 on each birthday beginning with his 28.00th and ending with his 65.00th. What will the rate on the retirement account need to be for him to have $3,419,472.00 in it when he retires?

Reference no: EM133419404

Questions Cloud

Which of the principles of aicpa code of conduct is most : If a person had been convicted of a crime in the past, before becoming interested in a career in accounting, do you think they should be allowed to become a CPA
What is the amount of distributable net income : What is the amount of distributable net income (DNI) of the trust, (2) how much DNI is reportable by each beneficiary, (3) what is the distribution deduction
Identify the way technological changes : Identify the way technological changes occurring in your selected industry are affecting organizations' HR practices.
Write an essay on the topic e-commerce : Write an essay on the topic "E-commerce" Write an essay on the topic "E-commerce" with at least 800 words.
What will the rate on the retirement account need to be : Derek can deposit $13,120.00 on each birthday beginning with his 28.00th and ending with his 65.00th. What will the rate on the retirement account need to be
How swot analysis is within a business sells body jewelry : Explain how SWOT Analysis is within a business that sells body jewelry, apparel, house ware, small appliances & electronics.
Compile checklist of best practices : Compile checklist of best practices and features of learning organization.
Develop databases for organizational security : secure the data present in the database. What are the strategic and technical security measures for good database security
What is an unrestricted fund balance reserve : What is fund balance? What is unassigned fund balance and where do you find it? What is an unrestricted fund balance reserve and where might this be found?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find which is not a criterion for the lessor

Company A has classified the lease as a sales-type lease. Which of the following is not a criterion for the lessor to classify the lease as a sales-type lease?

  What is the total amount that joe must repay at that time

Joe must repay the loan at the end of 9 months in one payment with a 6.6 percent simple interest rate. What is the total amount that Joe must repay at that time

  How do feel about the intangible assets being recognized

How do feel about the intangible assets being recognized at the fair market value vs the IFRS method? Do you feel that recognizing this value at all times

  What is the term non-statutory deductions meant

What is the term non-statutory deductions meant. What are the different types of non-statutory deductions. List the four types of non-statutory deductions

  Determine the weighted-average unit contribution margin

Determine the weighted-average unit contribution margin. Determine the total number of units that the company must produce to break even.

  How long will take tony to pay off visa credit card

How long will it take Tony to pay off his Visa credit card? How much interest will Tony pay if he only pays the minimum payment? Show steps.

  Persons do not pass both the age and relationship tests

Which of the following persons do not pass both the age and relationship tests for a qualifying child. A dependent’s only income for 2014 is $6000 of taxable wages $840 of taxable interest on a savings account the dependent’s 2014 taxable income is $..

  Common accounting standards should be adopted

Common accounting standards should be adopted by all countries to help countries with international business. As it is, most countries find international business almost impossible as there are so many hurdles and policies they need to adhere to and ..

  Describe differences between the current and cash ratios

Describe the differences between the current, quick, and cash ratios. Which one is the most conservative measure of short-term liquidity?

  Make the adjustment for the amount of pre-paid rent

Calculate and make the adjustment for the amount of pre-paid rent that has been used. Make an adjusting journal entry in the amount of $1,000 for depreciation

  How much was ending inventory

If $4,000 was the beginning inventory, $10,000 in new inventory purchases were made and the cost of goods sold were $7,000, how much was ending inventory?

  Determine what estimated cost of common equity using capm

The market risk premium is 7.5%, and the return on an average stock in the market last year was 15%. What is the estimated cost of common equity using the CAPM?

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!

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