What will be the value of her retirement account

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Using the appropriate Time Value of Money table (A) Carla Lopez deposits $10460 a year into her retirement account. If these funds have an average earning of 4 percent over the 15 years until her retirement, what will be the value of her retirement account? (B)If a person spends $19 a week on coffee (52 weeks in a year), what would be the future value of that amount over 9 years if the funds were deposited in an account earning 7 percent?(C)A financial company that advertises on television will pay you $57,000 now for annual payments of $9,300 that you are expected to receive for a legal settlement over the next 9 years. Assume you estimate the time value of money at 12 percent. What is the present value? Would you accept this offer?

Reference no: EM13907409

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