User Account

All Pages

Retirement account that averages an apr

Assignment Help Mathematics
Reference no: EM131057968

Imagine investing $225 monthly into a 401(k) retirement account that averages an APR of 5.25% compounded monthly. You do this consistently for 35 years until retirement. Use the savings plan formula to calculate your final balance (future value). After this calculation, find how much of this future value is principal and how much is interest.

Reference no: EM131057968

Questions Cloud

Contrast differing opinion between liberals and conservative : Contrast the differing opinions between liberals and conservatives in regard to the policy of grants-in-aid.
Current strategic plan-focus : 1. Description of the organisation (origins, markets served, product categories, key brands)2. Current Strategic Plan/Focus (key highlights)
Interest compounded monthly in order to meet goal : Suppose you are going to need $55,000 for your child to attend college 17 years from now. How much would you have to deposit monthly into an annuity bearing 5.25% interest compounded monthly in order to meet your goal?
Write a short email announcing an email policy : Write a short email announcing an email policy after reading the required article. Write a summary explaining why you used the principles and the rules from the articles that you used in writing your email.
Retirement account that averages an apr : Imagine investing $225 monthly into a 401(k) retirement account that averages an APR of 5.25% compounded monthly. You do this consistently for 35 years until retirement. Use the savings plan formula to calculate your final balance (future value).
India engaging in a high-profile acquisition overseas : As CEO of a firm from either China or India engaging in a high-profile acquisition overseas, shareholders at home are criticizing you of "squandering" their money, and target firm management and unions-as well as host country government and the me..
How you can use marked nulls to allow the insertion of tuple : how you can use marked nulls to allow the insertion of the tuple
Subsequent motion of the mass : The mass is started in motion from the equilibrium position with an initial velocity of 1 ms-1 in the upward direction and with an applied external force. Find the subsequent motion of the mass if the force due to air resistance is
Deposits-withdrawals or rate changes occur : On january 1, 2000, $10500 was deposited into an account that earns 5.06% interest compounded monthly. On January 1, 2007, $2500 was withdrawn from the account and the bank changed the interest rate to 4.79% compounded monthly. If no other deposits, ..

Reviews

Write a Review

Mathematics Questions & Answers

  Prove the given homomorphism

Prove the given Φ is either a trival homomorphism or 1- 1.

  For what value of x is the perimeter largest

For what value of X is the perimeter largest?

  Give examples for regression and analysis

Explain how regression and analysis can be used to test a Survey?

  Find the maximum height reached by the rocket

A rocket is launched from a tower. The height of the rocket, y in feet, is related to the time after launch, x in seconds, by the given equation. Using this equation, find the maximum height reached by the rocket, to the nearest tenth of a foot.

  Express your answer in hours and minutes

Jill has a swimming pool in her backyard. It is shaped like a rectangle and measures approximately 16.3 feet wide and 26.2 feet long. It is an average of 5 feet deep. During a few hot weeks during the summer, some water evaporates from the pool, and ..

  Find out the mean and standard deviation of sampling

suppose the incomes of all people in america who own hybrid vehicles are distributed with a mean of 58000 and a

  Solve the model by using graphical analysis

Formulate a linear programming model for this problem. Solve the model by using graphical analysis (Do not round the answers) and How much labor and wood will be unused if the optimal numbers of chairs and tables are produced

  Find the integrals of the given equation

Find the integrals- 1∫5 s ds / √(s2 + 4). Use the quotient rule to differentiate- y= (2x4 - 3x) / (4x - 1). Sketch the curve for y = sin(x) between x = 0 and x = 2Π.

  Find a fire detection sensor is tested for its failure rate

A fire detection sensor is tested for its failure rate and found to have a mean failure rate of 3.6E-2 per hour of exposure with a standard deviation of

  Test to see if population means are the same or different

Test to see if population means are the same or different

  Does entropy have a maximum minimum or both

Suppose you are making observations of a system which changes in time and which can be in one of three states. Does entropy have a maximum, minimum or both?

  What is the probability of underfilling the bottles

What is the probability of underfilling the bottles by at least 30ml?

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