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Question: Barry heard in his Personal Finance class that he should start investing as soon as possible. He had always thought that it would be smart to start investing after he finishes college and when his salary is high enough to pay the bills and to have money left over. He projects that will be 5-10 years from now. Barry wants to compare the difference between investing now and investing later. A financial planner who spoke to the class suggested that a Roth IRA (Individual Retirement Account) would be a more profitable investment over the long term than a regular IRA, so Barry wants to seriously consider the Roth IRA. When table values do not include the information you need, use the formula FV = $1(1 + R)N where R is the period rate and N is the number of periods.
1. If Barry purchases a $2,000 Roth IRA when he is 25 years old and expects to earn an average of 6% per year compounded annually over 35 years (until he is 60), how much will accumulate in the investment
2. If Barry doesn't put the money in the IRA until he is 35 years old, how much money will accumulate in the account by the time he is 60 years old? How much less will he earn because he invested 10 years later?
From an ethical perspective, determine how much information a firm is obliged to tell a potential strategic alliance partner about what it expects to learn from the cooperative arrangement. Explain your rationale.
the distance on the map between tallahassee and miami is 5.5 centimeter. how many kilometers are represented by this distance on the map?
Find the absolute minimum and maximum values of the function f(x,y) = 1+4x-5y on the closed triangular region with the vertices (0,0),(3,0), and (0,3).
Paul Nagel invested some money at 3.5% simple interest and $1000 more than that amount at 5% simple interest.
Sharon has just retired, and has 1000000 dollars in her retirement account. The account will earn interest at an annual rate of 6 percent, compounded monthly.
The mean amount spent by a family of four on food per month is $500 with a standard deviation of $75. Assuming that the food costs are normally distributed, what is the probability that a family spends less than $410 per month?
1. Solve simultaneous equations with at least one linear equation, by substitution. 2. Express a pair of linear equations in matrix form and solving the equations by inverse matrix method.
The following statements represent conclusions for arguments.- Same-sex marriages should/should not be recognized by the state.
The average traffic flow (number of vehicles) from noon until 1 P.M. in a certain section of one-way streets in a city is shown in Fig.
Consider a network of l computers R1, R2, ...,Rl in which each computer is directly connected via a communication link to each other.
The average height of 40 students in a class is 155cm. Recently five students whose average heights is 148 cm left the class. What is the new average height of the students in the class?
Describe two real-life examples where the order of operations and basic math principles are used either at home or on the job.
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