John expects to invest 3000 per year in his 401k for ten

Assignment Help Accounting Basics
Reference no: EM13589506

John expects to invest 3,000 per year in his 401K for ten years and then expects to receive a large pay raise to invest 10,000 per year for the next ten years until retirement. He earns 10% on his investment. What is this 401K worth today?

Reference no: EM13589506

Questions Cloud

Gearz company has break-even point of 7000 units fixed : gearz company has break-even point of 7000 units fixed costs are 150000 and variable costs are 550000 in total. what is
Olin company had accounts receivable of 452000 before it : olin company had accounts receivable of 452000. before it recorded the adjusting entry for uncollectible accounts the
Bob believes she will need 99999 annual income during : bob believes she will need 99999 annual income during early retirement. if she can achieve a 4 return during retirement
The stevens company provided 54000 of services on account : the stevens company provided 54000 of services on account during 2014 its first year in operation. during 2014 stevens
John expects to invest 3000 per year in his 401k for ten : john expects to invest 3000 per year in his 401k for ten years and then expects to receive a large pay raise to invest
Harveys corporation borrowed 113000 from the bank on : harveys corporation borrowed 113000 from the bank on november 1 2014. the note had a 8 percent annual rate of interest
Book company had net income of 75000 on january 1 there : book company had net income of 75000. on january 1 there were 10000 shares of common stock outstanding. on may 31 the
On january 1 2012 garr company purchased 30000 shares of : on january 1 2012 garr company purchased 30000 shares of the 100000 common shares outstanding of agorn company for
Phil collins realty corporation purchased a tract of : phil collins realty corporation purchased a tract of unimproved land for 52000. this land was improved and subdivided

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is total amount of interest expense incurred over

for mostly the same info as last problem i.e. for a 100000 face value bond issued for ritzy diner with 14 stated annual

  On january 2 2013 benson hospital purchased a 97700 special

on january 2 2013 benson hospital purchased a 97700 special radiology scanner from picard inc. the scanner had a useful

  Assume that this person presently has a weekly income of

the utility function of a worker is represented by uc l c times l so that the marginal utility of leisure is c and the

  Stabilizing a nations price level and the purchasing power

1 stabilizing a nations price level and the purchasing power of its money can be achieveda. with neither fiscal nor

  Barton corporation has provided the budgeting information

barton corporation has provided the budgeting information for you to determine its expected bonus payments. bartons

  Interpret the companys quick ratio

Compute the quick ratio for December 31, 2012 and 2011 and interpret the company's quick ratio

  Current taxable on gifts

Total 2008 gift of life insurance policy is 72,000. annual exclusions are 24,000 (two donees at 12,00). Current taxable gifts equal 48,000.

  Treasury stock transactions-presentation-jodz company

Jodz Company had the following stockholders' equity as of January 1, 2004. Prepare the journal entries to record the treasury stock transactions in 2004, assuming Jodz uses the cost method.

  Equity method for investments under us gaap

What do potential voting rights refer to and how do they affect the application of the equity method for investments under U.S. GAAP?

  What can we do as negotiators to prevent this from happening

communication can be distorted unintentionally as a result of the existence of some cultural differences. In today's global and multi-cultural world that we live in, the opportunity for these language distortions obviously can occur in negotiation..

  Your uncle promises to give you 500 per quarter for the

your uncle promises to give you 500 per quarter for the next five years. how much is his promise worth right now if the

  The following information relates to action sign company

the following information relates to action sign company for 20x2insurance expense 4350prepaid insurance december 31

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