Annual inflation rate averaged

Assignment Help Mathematics
Reference no: EM131073749

Assume a person saves diligently in some long-term savings plan for 50 years and retires with $800,000 in his or her retirement account. How much purchasing power would that amount have in today's dollars if the annual inflation rate averaged about 2.5% over those same 50 years?

Reference no: EM131073749

Questions Cloud

Problem regarding the period of oscillation : When the object is depressed 3 feet from its equilibrium point, it will oscillate according to the formula x =3cos(8t), where t is the number of seconds after the object is released. How many seconds are in the period of oscillation?
What is the maximum monthly lease revenue : What is the maximum monthly lease revenue? How many of each of the type of stores should be constructed.
Instrumentation measurement & lab thermal sensors lab : For the comparator below, complete the design so that the threshold voltage is 1.25V which means that if the input is below 1.25V, the output will be HIGH and if its greater, it will be low.
Prepare a multiple-step consolidated income statement : Aeropostale, Inc., is a mall-based specialty retailer of casual apparel and accessories. The company concept is to provide the customer with a focused selection of high-quality, active-oriented fashions at compelling values. Prepare a multiple-ste..
Annual inflation rate averaged : Assume a person saves diligently in some long-term savings plan for 50 years and retires with $800,000 in his or her retirement account. How much purchasing power would that amount have in today's dollars if the annual inflation rate averaged abou..
Show that the schur complement s of a11 is invertible : Show that the Schur complement S of A11 is invertible.
Savings account that earns compound interest : Suppose that Celeste invests $10,000 in a savings account that earns compound interest (monthly) at an annual percentage rate of 4.3%, and Jeffrey invests $10,000 in a savings account that earns compound interest (quarterly) at an annual percentag..
Derive the equilibrium price ratio of the contingent claims : Derive the equilibrium price ratio of the contingent claims contract for this economy. What assumption did we make in this problem that was key to the result you obtained in la) and lb)? Explain.
How do cognitive psychologists study mental imagery : Are mental images of events and objects in people's world the same in content as events and objects they have actually experienced with their senses - Are mental images and real experiences processed by the same or different brain structures?

Reviews

Write a Review

Mathematics Questions & Answers

  How many more students must be included in sample to be 99

a random sample of 53 students were asked for the number of semester hours they are taking this semester at surry

  Find the demensions of the court

the perimeter of a basketball court is 278 ft. the length is 41 ft longer than the width. Find the demensions of the court.

  Discuss which of three measures of central tendency mean

explain which of the three measures of central tendency mean median mode are appropriate to use for each of the two

  How long will it be before the airplane reaches the ground

the equation a=25000 - 1500t, where t is the time in minutes and a is the altitude in feet, represents the steady decent of a certain aiplane. Graph the equation using the x- and the y- intercepts. How long will it be before the airplane reaches t..

  What are its dimensions

A rectangle is four times as long as it is wide. If its length were diminished by 6 meters and its width were increased by 6 meters, it would be a square. What are its dimensions?

  How much would the systolic blood pressure have to increase

How much would the systolic blood pressure have to increase in order to restore the flow in the 50% occluded artery so that it matches the flow in an open artery with a systolic pressure of 120 mm Hg?

  Find the shaded area diameter

cylender find the shaded area diameter small inside cylender is 1 and the height is 5 the shadded area the radius is 3 and the height 5 what is the shaded area.

  Find a 99% confidence interval for the population mean price

Find a 99% confidence interval for the population mean price (per 100 pounds) that farmers in this region get for their watermelon crop. What is the margin of error? (Use 2 decimal places.)

  Find out expected value of the variable find out

a student is randomly selected from a group of elementary school students. there are 10 six-year old students 12

  What is the probablitiy that teresa and jaime

Teresa and Jamie are among 10 students who have applied for a trip to Washington. Two students from the group will be selected at random . What is the probablitiy that Teresa and Jaime will be the 2 students.

  Finding a straight line to a set of data yields the

finding a straight line to a set of data yields the following prediction line yhat2 5xia. interpret the meaning of the

  Find the volume of the box in cubic centimeters

A rectangular box with a square base is 13 centimeters taller than it is wide. If the surface area of the box is 1488 square centimeters, find the volume of the box in cubic centimeters.

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