User Account

All Pages

Fund has earned an annual return

Assignment Help Finance Basics
Reference no: EM132502467

Dominique has just turned 58 and she has deposited her annual payment of $15,000 into her retirement account. She made her first such saving deposit into this fund on her 31st birthday. Dominique has also retired and wants to figure out how much money she has in her retirement account for her retired life. You are Dominique's friend who knows finance. How much is Dominique's savings worth today given that the fund has earned an annual return of 3.0%? (Enter just the number in dollars without the $ sign or a comma and round off decimals to the closest integer, i.e., rounding $30.49 down to $30 and rounding $30.50 up to $31.)

Reference no: EM132502467

Questions Cloud

Perform quality audit of organizations in foreign countries : The "Big 4" U.S. accounting firms audit many multinational companies that are located in foreign countries that may have different cultural norms than exist.
Determin annual depreciation for the first and second years : Compute annual depreciation for the first and second years under the declining-balance method. Gordon Chemicals Company acquires a delivery truck
Write down the overview of specific economic problems : Overview of Specific Economic Problems. This could be based on a variety of different issues. Here are just a couple of examples: Economic impact of interaction
Compute the manufacturing cost per unit of each toaster : Compute the manufacturing cost per unit of each toaster using the current unit-based approach. Under this system costs are assigned to the toasters
Fund has earned an annual return : Dominique has just turned 58 and she has deposited her annual payment of $15,000 into her retirement account. She made her first such saving deposit
What sales volume in units and in dollars per month : What sales volume in units and in dollars per month will be necessary to produce an operating income equal to a 30 percent annual return on Teguh
What are the blending departments cost of units transferred : What are the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June?
Summarize cohen and delong main arguments : Briefly summarize Cohen and DeLong's main arguments' in the article "state-led Development". How does their key arguments relate to the government budget.
Estimate the weighted average cost of capital : If the company is in the 34 percent tax bracket, what is the weighted average cost of capital? Round the answer to two decimal places in percentage form.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd