How large will your retirement account be in 31 years

Assignment Help Finance Basics
Reference no: EM13296196

You are to make monthly deposits of $800 into a retirement account that pays 9.8 percent interest compounded monthly. Required: If your first deposit will be made one month from now, how large will your retirement account be in 31 years?

Reference no: EM13296196

Questions Cloud

What kind of deal did the athelete snag : If the appropriate interest rate is 8 percent, what kind of deal did the athelete snag? Assume all payments other than the first $4.00 million are paid at the end of the year.
Find the magnitude of the magnetic force on the electron : At a particular instant an electron is traveling in the +y direction, with speed 7105 m/s. find the magnitude of the magnetic force on the electron
Design a one input and one output serial 2s complementer : Design a one input, one output serial 2's complementer. The circuit accepts a string of bits from the input and generates the2's complement at the output. The circuit can be resetasynchronously to start and end the operation.
What is the yield on an 8-year treasury bond : The maturity risk premium isequal to 0.1 (t-1)%, where t=the bond's maturity. The default risk premium for a BBB-rated bond is 1.3%.
How large will your retirement account be in 31 years : You are to make monthly deposits of $800 into a retirement account that pays 9.8 percent interest compounded monthly. Required: If your first deposit will be made one month from now, how large will your retirement account be in 31 years?
Find the average induced emf in the wire during this time : A four-turn circular wire coil of radius 0.495 m lies in a plane perpendicular to a uniform magnetic field of magnitude 0.415 T. what is the average induced emf in the wire during this time
What is the tom current stock price after the recap : Tom Co value of operations is worth $1.2B after a recapitalization. Tom raised $300M in debt to buy back stock.
A substances are most likely to undergo dissolution in water : Five different substances are given to you to be dissolved in water. Which substances are most likely to undergo dissolution in water
What would be the tax effect on the sale : Your company is in the 40% tax bracket. Assuming you could sell the machine today, what would be the tax effect on the sale?

Reviews

Write a Review

Finance Basics Questions & Answers

  Description of bonds and stocks

A three year bond with 10% coupon rate and $1000 face value yields 8% APR. Supposing annual compouding payment, compute the price of the bond.

  Use of time value of money

From any general internet source provide a concise description of example which illustrates the use of time value of money. Please cite and reference the source.

  Describe any control techniques in financial statements

Using the companies selected for the Review of Financial Statements Paper, make a summary comparing the companies two most recent fiscal years based on;

  Computing portfolio beta

A stock portfolio invested 35% in Stock Q, 25% in Stock R, 30% in Stock S, and 10% in Stock T. The betas for these 4 stocks are .84, 1.17, 1.11 and 1.36 respectively. Compute the portfolio beta?

  Analyze mark budget as a financial planning tool

Analyze Mark's budget as a financial planning tool for making decisions in the following situations.

  Determine the total cost to company

Pension Fund project which will be offered in 5 years, company purchases zero coupon U.S. Treasury Trust Certificates which mature in five years, when originally issued they were 12 percent coupons.

  How much additional short-term funding

If Mitchem expands its receivables and inventories using its short-term line of credit, how much additional short-term funding can it borrow befor its current ratio standard is reached?

  Who does the callability provision benefit

Why is the yield on bonds A and B 5%? Why is the yield on bond C different and what would be the price of Bond A

  What is the incremental revenue associated with the price

Suppose this action will increase sales to 306,000 jars of sauce. What is the incremental revenue associated with the price reduction of sauce?

  Operating cash flow-contribution margin-tvm

You borrow $5,600 to purchase a car. The ters of loan call for monthly payments for 4 years at the 5.9% rate of interest. What is the amount of each payment?

  What is the bank cost of preferred stock

Holdup Bank has an issue of preferred stock with a $4.25 stated dividend that just sold for $92 per share.What is the bank's cost of preferred stock?

  Determine combined portfolio standard deviation

If the correlation between D and E are o.5 and D has a standard deviation of 0.4 and E has a standard deviation of 0.6, determine combined portfolio standard deviation if you put 40% in D?

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