Calculate the future value of the low-risk

Assignment Help Business Management

Reference no: EM133616818

Question

You recently turned 38 and have started looking for a new job. You currently make $70,000 a year and are paid every two weeks, and they provide a 100% match on your 401K up 3%. Yesterday, you received an offer with a salary of $68,750. The new offer includes a 100% match on your 401K up 6%. They also pay every two weeks. Both 401K funds have two options: low risk, which is 4% annually, and High risk, which is 9% annually. You contribute 3% to your 401K to receive the full 100% match. If you choose the new company, you can afford to increase your 401K contribution to receive a 100% match. Your current 401K has a balance of $25,750. Both employers contribute to your 401 every two weeks. You plan to retire at age 70. Calculate the Future Value of the Low-risk and high-risk funds for your current company and the new job offer and determine which gives you a better chance to retire at age 70.

Reference no: EM133616818

Questions Cloud

Compute the present value of annuity in which hourly payment : Compute the present value of an annuity in which hourly payments (8760 each year) of $0.41 are made for 3 years at an annual rate of 1.2%.

What is macey considered : AInsurance(the insurance company) will pay Macey $250,000 on Sarah's death. What is Macey considered?

How much should each of her deposits be : Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.9%. How much should each of her deposits be?

Management in the form of an executive summary : Required to show your abilities in compiling and cleaning the data for a future presentation to management in the form of an executive summary

Calculate the future value of the low-risk : Calculate the Future Value of the Low-risk and high-risk funds for your current company and the new job offer and determine which gives you a better chance

What this means and how it could occur : what this means and how it could occur, and citing from the case itself, how Uniqlo has made this happen, although to a limited extent.

How does that affect their investing and future : Define the different possibilities for financing for a profit company and a non-profit company? How does that affect their investing and future?

What detail would you use to support the view : What detail would you use to support the view that there is an acceptance of CSR as a legitimate business concept for corporations?

Why is the current yield higher than the yield to maturity : What is the yield to maturity using the trial-and-error approach with annual calculations? Why is the current yield higher/lower than the yield to maturity?

User Account

All Pages