How much will be in the account of matched contributions

Assignment Help Finance Basics

Reference no: EM131966173

Question: Denzel Valentine started working for Bulls Inc., who offers their employees a 401k matching plan of $0.50 for every $1 contributed up to a maximum of $2,000. If Denzel chooses to contribute $2,500 to the 401k each year, and the fund managers believe they can earn a 8% annual return, how much will be in the account (FV) after 30 years of matched contributions? Assume Denzel is in the 28% tax bracket.

Reference no: EM131966173

Questions Cloud

What is kurzs market value of assets after : What is the market value of Kurz's assets (including any tax shields) just after the debt is issued, but before the shares are repurchased?

What is the constant annual payment you expect to receive : Instead of a lump sum, you wish to recieve annuties for the next 20 years (years 31-50). What is the constant annual payment you expect to receive.

Current culture in the twenty-first century : What new ideas and scientific explorations shape our current culture in the twenty-first century

Contrast standard computer machines and gaming : Compare and contrast standard computer machines and gaming (video games) computers

How much will be in the account of matched contributions : Denzel Valentine started working for Bulls Inc., who offers their employees a 401k matching plan of $0.50 for every $1 contributed up to a maximum of $2,000.

Use of mobile devices for business operations : Discuss the advantages and disadvantages of the use of mobile devices for business operations.

What were the corporations earnings per share : Kevin's Bacon Company Inc, has earnings of $8 million with 2.400,000 shares outstanding before a public distribution.

Find a description of moore law : Do research on the Web to find a description of Moore's Law. What are the implications of this law? Are there any practical limitations to Moore's Law?

Reviews

Write a Review

Required(*) Message

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 ..

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

User Account

All Pages