With monthly investments and monthly compounding? interest

Assignment Help Financial Management

Reference no: EM131890205

Shaylea, age? 22, just started working? full-time and plans to deposit $4800 annually into an IRA earning 7 percent interest compounded annually. Deposits will be made at the end of each year. How much would she have in 20 years, 30 years, and 40 ?years? If she changed her investment period and instead invested ?$400.00 monthly and the investment also changed to monthly? compounding, how much would she have after the same three time? periods? Comment on the differences over time

1. With monthly investments and monthly compounding? interest, after 30 ?years, Shaylea would have ?

2. With monthly investments and monthly compounding? interest, after 40 ?years, Shaylea would have ?

Reference no: EM131890205

Questions Cloud

Discuss how the information should be organized : Write a synopsis of your business idea and the important elements/information that should be included in a well thought out business plan.

Identify the competitive advantage in business for growth : Explain the different types of planning for the different levels of management in Starbucks in KSA. Include the typical time frame for which each plan.

How you could develop an advocacy campaign : Consider how you could develop an advocacy campaign, applying the attributes identified in similar, effective campaigns.

Describe the relationship between the variables : Indicate whether they are independent, dependent, moderating, or intervening. Describe the relationship between the variables

With monthly investments and monthly compounding? interest : With monthly investments and monthly compounding? interest, after 30 ?years, Shaylea would have?

What genetic material do all male humans : What genetic material do all male humans inherit from their mother?

Phenotypes and genotypes of the calf : If a homozygous red bull is breed to a homozygous red cow, what are the possible phenotypes and genotypes of the calf?

What type of business is the case about : What type of business is the case about? Who are the key organizations or individuals in this case?

Discuss perception regarding health services : Assess how your perception of health services human resource management have matured or changed since the beginning of this course.

User Account

All Pages