How large will your retirement account be in 31 years

Assignment Help Finance Basics
Reference no: EM13297432

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: EM13297432

Questions Cloud

What is the effective stress 20feet deep for specific weight : Effective stress is defined as the overburden soil pressure less the buoyancy effect of water. What is the effective stress 20 feet deep if the specific weight of the dry soil is 113 pcf and the water table is 11 feet deep
Aluminum reacts with chlorine gas to form aluminum chloride : Aluminum reacts with chlorine gas to form aluminum chloride via the following reaction: \rm 2Al}+3Cl_2rightarrow2AlCl_3 What is the maximum mass of aluminum chloride that can be formed when reacting 26.0g of aluminum
Obtain the magnification of the microscope : A microscope has an objective lens with a focal length of 2.0cm, an eyepiece with a focal length of 0.25 cm, What is the magnification of the microscope
Explain what is the npv of this project : a. What is the Payback Period for this project? b. What is the NPV of this project, if the discount rate is 8.6%? Should the firm accept this project? c. What is the IRR of this project? Should the firm accept this project?
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?
Derive an equation for concentration of a chemical in a lake : Account for chemical reactions, groundwater flows, streams, precipitation, evapotranspiration. Indicate any assumptions that can be made to simplify your equation.
What will be the price of a pair of shoes in the u.s. : Now, suppose that—in addition to the 20% tariff (per pair) on imported shoes—the U.S. also imposes a 10% tariff on the imported components used by the shoe industry to make each pair of shoes. What is the effective rate of tariff protection (ERTP) fo..
Calculate the profit of bill straddle strategy : Calculate the profit (loss) of Bill's straddle strategy if three months later, the price of ABC stock is 0, $12, $25, $38, and $50, respectively.
What is the density of the unknown fluid : You come across an open container which is filled with two liquids. Since the two liquids have different density there is a distinct separation between them. what is the density of the unknown fluid

Reviews

Write a Review

Finance Basics Questions & Answers

  What price would you expect coolibah stock to sell

If the current price of Coolibah stock is $22.40, and Coolibah's equity cost of capital is 16%, what price would you expect Coolibah's stock to sell for at the end of three years?

  Cross-border mergers and acquisitions

What special issues can arise in executing the cross-border acquisition and in ultimately meeting your objectives for the successful combination?

  Find the correct statement regarding profit sharing plan

Determine the correct statement regarding profit sharing plan.

  Inefficiencies of market

Suppose your uncle made a killing in the stock market yesterday. This implies that markets are inefficient. Determine the correct answer.

  Find the forward price

Find the forward price of a 30 month forward contract for a stock currently priced at $36, assuming that the risk free rate is 4% compounded continuously and that dividends are paid at continuous annual rate of 2.5%.

  Provide short answer

According to the December 22, 2003 issue of Forbes, given below are the ten questions every investor should ask before purchasing a stock;

  Capital structure analysis-liabilities and owner equity

Find out percentage of the firm's asset does the firm finance using debt (liabilities)? The fraction of the firm's assets that the firm finances using debt is

  What is the portfolios new beta

Your retirement fund consists of a $5,000 investment in each of 15 different common stocks. The portfolio beta is 1.20. Suppose you sell one of the stocks with a beta of .08 for $5,000 and use the proceeds to buy another stock whose beta is 1.6. W..

  What is the initial outlay required to fund this project

The truck will have no effect on revenues, but it is expected to save the firm $25,000 per year in before-tax operating costs, mainly labor. The firm's marginal tax rate is 40%. What is the initial outlay required to fund this project?

  What will happen to the bond call-adjusted duration

Assuming interest rates decline substantially (i.e., they decline to 4 percent), discuss what will happen to the bond's call-adjusted duration and the reason for the change.

  Case of exchange rate regime

Explain and show under which case of exchange rate regime and capital controls combination this country will be better off. Fully justify your choice of regime - ECON 481

  Determine the annualised cost of the loan

Determine the annualised cost of the loan for each of the following outcomes, assuming interest is based on 90 days and a 365 day year

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