User Account

All Pages

How much will he have at the end of 35 years

Assignment Help Finance Basics
Reference no: EM13300701

Edward Johnson decided to open up a Roth IRA. He will invest $1,800 per year for the next 35 years. Deposits to the Roth IRA will be made via a $150 payroll deduction at the end of each month. Assume that Edward will earn 8.75% over the life of the IRA. How much will he have at the end of 35 years?

A. $125,250
B. $250,321
C. $414,405
D. $363,000

 

Reference no: EM13300701

Questions Cloud

Explain the steps to solving this type of problem : Calculate the % ionization in a 0.0902 M solution of acetylsalicylic acid (aspirin). The Ka of acetylsalicylic acid = 4 x 10-4. please show the steps to solving this type of problem.
What is the cost of debt to j & b : J & B, Inc. has $5 million of debt outstanding with a coupon rate of 12%. Currently, the yield to maturity on these bonds is 14%. If the firm's tax rate is 40%, what is the cost of debt to J & B?
Compute the number of capillaries in the human body : The aorta carries blood away from the heart at a speed of about 40 cm/s and has a radius of approximately 1.1 cm. determine the approximate number of capillaries in the human body
How to calculate the value of keq at 298 k for each : Using values from Appendix C of your textbook, calculate the value of Keq at 298 K for each of the following reactions: (a) 2 Cl2(g) + 2 H2O(g) 4 HCl(g) + O2(g) Keq = . (b) 3 NO(g) NO2(g) + N2O(g) Keq = . (c) CH4(g) + 4 Cl2(g) CCl4(l) + 4 HCl(g) K..
How much will he have at the end of 35 years : Assume that Edward will earn 8.75% over the life of the IRA. How much will he have at the end of 35 years?
How a csr agenda and its related activities are developed : Do you believe that the leadership group of an organisation can have a significant impact on how a CSR agenda and its related activities are developed and implemented?
How much will you have accumulated at the end of 18 years : Assume that you will be able to earn 10%, compounded monthly, on your investment. How much will you have accumulated at the end of 18 years?
Explain what hertz of radiation having energy : Determine the frequency, in hertz, of radiation having energy of 4.08×10?21 J/photon b. Determine the wavelength, in nanometers, of radiation with of 218 kj/mol energy
What equilibrium temperature does the collector reach : A solar collector is placed in direct sunlight where it absorbs energy at the rate of 880 J/s for each square meter of its surface. What equilibrium temperature does the collector reach

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the percent return on total market value

Singular Corp. Has the following income statement data: 2006 2007 Sales $500,000 $700,000 Gross Profit 161,300 205,000 Selling and administrative expense 45,200 74,300 Interest expense 15,200 29,100 Net income (after these and other expenses) 44,1..

  What will the market price per share be after the split

The Peanut Shack has 6,5000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $145,600. The company just announced a 3-for-2 stock split. What will the market price per share be after the split?

  What was the company operating cash flow

a. What was the firm's net income for the year?b. What was the firm's net cash flow?c. What was the company's operating cash flow?

  How sensitive is ocf to changes in quantity sold

straight-line depreciation to zero over the four-year life; zero salvage value; price = $22; variable costs = $12; fixed costs = $160,000; quantity sold = 82,000 units; tax rate = 32 percent.

  Calculate required down payment

The Smiths are purchasing a home that sells for $175,000. The lending institution is requiring a minimum down payment of 20%. To obtain a 20 year mortgage at 8 percent,

  What are economic sectors and market subsections included

Choose 3 Indices (but not DJIA, NASDAQ & S&P 500)What are economic sectors and market subsections are included?

  Bond - precentage change

Consider an American bond with an effective duration (which is pretty much the same as modified duration, but more precise) of 6.76 years having a yield to maturity of 7% and interest rates are expected to rise by 50 basis points.

  Construct a pro forma income statement for the first year

Construct a pro forma income statement for the first year and second year for the following assumptions: • Units of Sales in Year 1: 110,000 • Price per Unit: $11.

  Which stock should this investor add to his or her portfolio

However, Stock A's standard deviation of returns is 12% versus 8% for Stock B. Which stock should this investor add to his or her portfolio, or does the choice not matter?

  Accepting a certain level of risk

Corporations are constantly making business decisions based on accepting a certain level of risk. Discuss and explain a situation where a company has accepted a certain degree of risk.

  Should the firm undertake the healthy bottled water project

Should the firm undertake the healthy bottled water project? As pasrt of your analysis include a sensitivity analysis for sales price, variable costs, fixed costs, and unit sales at +/- 10%, 20%, and 30% from the base case. Also perform an anaylsi..

  Calculate the new cash convergence cycle

Firm x has 15 million of sales, two million of inventories, three million of recievables, and 1 million of payables. its cost of goods sold is 80% of sales,

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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