What would be present and future value of this investment

Assignment Help Financial Accounting
Reference no: EM132818031

Question - I am 54 years old. Since 2018 I have been investing 10% of my yearly income (53,000) into an 403b retirement account. What would be the present and future value of this investment?

Reference no: EM132818031

Questions Cloud

What was your total return in us dollar terms : During your holding period, the stock was up 20% and the peso weakened against the USD by 10%. What was your total return in U.S. dollar terms?
Examine how people work in groups : Organizational behavior is really the combination of four areas of study - psychology, social psychology, sociology, and anthropology.
What discounts can be availed of if the invoice was paid : Returns of P10,000 were made on February 10. What discounts, if any, can be availed of if the invoice was paid on February 12?
Find current balance in checking account : George and annie have $6542.26 in their checking account. During the week annie goes to an atm and withdraws $300. The following week George deposits
What would be present and future value of this investment : Since 2018 I have been investing 10% of my yearly income (53,000) into an 403b retirement account. What would be the present and future value
Develop a professional learning community plan : This Assessment constitutes a Performance Task, in which you will analyze a co-teaching and collaboration case study, create an in-service presentation.
Which is not considered in computing net cost of purchases : Which is not considered in computing net cost of purchases? Which the entry to record a sale of P7,500 with terms of 2/10, n/30 would include a
What is the approximate change in the price : A 30-year zero-coupon bond with a face value of $10,000 is currently selling for $2,313.77. Using the bond's modified duration, what is the approximate change i
Demonstrate thoughtful consideration of ideas and concepts : Develop an interpretive analysis with corresponding recommendations to the IEP committee for each student. Each interpretive analysis should indicate a clear.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the meaning of negative residual income or eva

What is residual income? What is EVA? How does EVA differ from the general definition of residual income? Can residual income or EVA ever be negative? What is the meaning of negative residual income or EVA?

  Determine how expenditure would be treated for accounting

Determine How the expenditure would be treated for accounting purposes. Surf n Turf Limited is involved in the research and development

  How is the amortization for premium on bond payable

How is the amortization for Premium On Bond payable issued in 07/01/2005 ,30 years , face value 10,000,000, cash $10,312,759. Stated Rate 5.97%

  Are the materials costs and processing costs relevant

Ouzts Corporation is considering two alternatives: A and B. Costs associated with the alternatives listed below: Alternative A Alternative B Materials costs $40,000 $56,000 Processing costs $37,000 $37,000 Equipment rental $13,000 $13,000 Occupancy c..

  How material are assets acquired under capital leases

What was the gross amount for property and equipment and what was the net amount for property and equipment and what was the gross amount for assets acquired under capital leases - what was the net amount for assets acquired under capital leases?

  Show the effects on the fundamental equation of accounting

How would you record these transactions in a Transaction Worksheet or show the effects on the fundamental equation of accounting?

  Prepare general journal for merchandising company

Beginning inventory of $77,000 and ending inventory of $70,000. Enter the accounts and amounts to be debited and credited for this adjustment. prepare general

  Calculate the profit on units

Suppose management alters its current plans by spending an additional amount of 3,000. Calculate the profit on 65,000 units.

  Which the change is treated as

When it is difficult to distinguish between a change in accounting estimate and a change in accounting policy, the change is treated as

  Explain what the contribution margin ratio is

If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what the contribution margin ratio is? What appropriate total budget

  Discussing the advantages of debt and equity financing

Prepare memo discussing the advantages and disadvantages of debt and equity financing and recommend which option you believe is best to Comet Company

  Affects managements decisions on product pricing

In the long run, a company must price its product to cover its costs and earn a reasonable profit. But to price its product appropriately, it must have a good understanding of market forces at work. Please explain what this means and how it affects m..

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