Deposits into a retirement account

Assignment Help Business Management
Reference no: EM132049416

Suppose a person makes equal deposits into a retirement account for 20 years (with each payment at the end of the year), how much must you deposit each year if the account earns 5% compounded annually and you wish the account to grow to $1,000,000 after 40 years (in time 40)?

Reference no: EM132049416

Questions Cloud

Examine types of set rates in order to support your response : Suggest at least one (1) method by which capitation rates are set for health maintenance organizations in Medicare. Provide one (1) example of an HMO.
Making a product or delivering a service : Prices should reflect the value that consumers are willing to pay versus Prices should primarily just reflect the cost involved in making a product
Cost of correcting the defective widgets delivered : 1. Who should bear the cost of correcting the defective widgets delivered in the first lot under Contract A?
Define corporate social responsibility : Define corporate social responsibility (CSR) in your own words. Once you have defined CSR, conduct research on your favorite Fortune 500 company.
Deposits into a retirement account : Suppose a person makes equal deposits into a retirement account for 20 years (with each payment at the end of the year), how much must you deposit
What is the monthly mortgage payment : You purchased a house for dollar 150,000.00. The mortgage is for 30 years with equal monthly payment at a monthly interest rate of 3/4 percentage.
Why needs an organization to be restructured : Why needs an organization to be restructured and what need to be consider it while restructuring it and whats the negative sides could occur while redesign it?
Paper on whooping cough disease and treatment : Paper on Whooping cough disease and treatment
Why do you think union membership has been declining : Why do you think union membership has been declining? Do you think the downward trend will continue?

Reviews

Write a Review

 

Business Management Questions & Answers

  Discuss which quality management concepts

Discuss which quality management concepts should be implemented to support each project phase. Why do you feel this way?

  Take a look around your home and your closets and pantry

Take a look around your home and your closets and pantry. Tell us what you have that is not a product of the United States. Tell us what it is and where it came

  Slope of the demand curve for a monopolist

1) What is the slope of the demand curve for a monopolist? (positive, negative, vertical, or horizontal)

  Companies requiring them re-fit their operations

The Australian government imposes a new mandate on all companies requiring them re-fit their operations with a government approved device.

  Business model from small enterprise perspective

What is innovative about Salesforce.com's business model from a small enterprise perspective?

  Determining the sample size

When determining the sample size what qualitative and quantitative issues should be taken into consideration by researcher?

  Identify advertising objectives that lego company attempting

What target audience is the LEGO company intending to reach?- Identify the advertising objectives that the LEGO company is attempting to achieve through this website.

  What are the key roles and responsibilities of government

What are the key roles and responsibilities of government, industry and other non-governmental organizations with respect to critical infrastructure risk?

  Abandon command-and-control styles

Complexity theorists advise organizational leaders to abandon command-and-control styles of management and instead set global performance targets and establish a few simple rules.

  How else would a trader recognize pricing estimates

How else would a trader recognize pricing estimates as inefficient with regards to Priceline's share movement today.

  What was the percentage gain or loss on this investment

The price of the stock subsequently fell to $38 before rising to $49 at which time graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment?

  Pros of passing the business from one generation to another

Successfully transitioning a family business from one generation to another is a goal of most owners of family firms. Discuss the pros and cons of passing a business from one generation to another.

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