How much will she have in her plan at retirement

Assignment Help Financial Management

Reference no: EM131446038

Lena has just become eligible to participate in her company's retirement plan. Her company does not match? contributions, but the plan does average an annual return of 14%. Lena is 40 and plans to work to age 65. If she contributes $250 per month, how much will she have in her plan at retirement?

When Lena retires, the amount she will have in her retirement plan is?

Reference no: EM131446038

Questions Cloud

Find the discounted payback period of the project : You have been asked by your boss to evaluate the acquisition of the production equipment for the purpose, after a 1-year research that cost the company $800,000. The acquisition base price of the equipment is $1.7 million and it would cost another $3..

Information security engineer for a large : You have just been hired as an information security engineer for a large, multi-international corporation. Unfortunately, your company has suffered multiple security breaches that have threatened customers' trust in the fact that their confidentia..

What is this stream of cash flows worth today : Suppose that one year from now you receive $1000. At the end of the next nine years you receive a payment that is 4% larger than the prior year. If the cost of capital is 12% what is this stream of cash flows worth today?

Case study on fitbit : Analyse the forces which are driving industry competition using Porter Model for FITBIT case study.

How much will she have in her plan at retirement : Lena has just become eligible to participate in her company's retirement plan. Her company does not match? contributions, but the plan does average an annual return of 14%. Lena is 40 and plans to work to age 65. If she contributes $250 per month, ho..

How is this viewed from a security standpoint : What is an insider threat, and how can this plague system security? An employee has worked at the same job for 6 years, comes to work every day - never sick, and never takes a vacation. How is this viewed from a security standpoint? Why?

What is the ending work-in-process inventory balance : What is the ending work-in-process inventory balance? There were 175 direct labor hours worked on this job at a direct labor wage rate of $24 per hour. What is the total manufacturing cost of Job 551?

Calculate the static budget variance-revenue and expenses : The budget scenario consists of actual and budgeted figures. Assume that Eastside Urgent Care Clinic anticipated that it would provide 2,500 flu shots in 2010 to noninsured patients at $10 per shot. The revenue and expenses were budgeted for 2,700 fl..

Two investment accounts : You have your choice of two investment accounts. Investment A is a 13-year annuity that features end-of- month $1, 650 payments and has an interest rate of 7.8 percent compounded monthly. How much money would you need to invest in B today for it to b..

User Account

All Pages