Retirement fund-compounded semi annually

Assignment Help Financial Accounting
Reference no: EM13790623

Sandra decides tp set up a retirement fund by depositing $375 at the end of each week for 26 years. How much will she have after 26 years, if the interest rate is 3.15% compounded semi annually?

Options:

A. 507000

B. 782022.67

C. 782122.67

D. 782222.67

E. None of the above

Reference no: EM13790623

Questions Cloud

Increased by this sales transaction : A company delivered $10,000 of goods to a customer that agreed to pay cash within 30 days. The goods had cost $8,000 to manufacture. Which of the following items would be increased by this sales transaction? (check all that apply)
Prepare adjusting entries-depreciation on equipment : A company has a fiscal year-end of December 31: (1) on October 1, $12,000 was paid for a one-year fire insurance policy; (2) on June 30 the company lent its chief financial officer $10,000; principal and interest at 6% are due in one year; and (3) eq..
Basic npv with salvage value : Schaefer Organic Farms purchased a new tractor at a cost of $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the tractor's useful life, the salvage value of the tractor is expected to be $5,000..
What is the effective rate of interest : First bank of Midesto Medeque pays a 5.45% nominal rate of interest compounded weekly. What is the effective rate of interest?
Retirement fund-compounded semi annually : Sandra decides tp set up a retirement fund by depositing $375 at the end of each week for 26 years. How much will she have after 26 years, if the interest rate is 3.15% compounded semi annually?
How many years does it take for an annual payment : How many years does it take for an annual payment of $1,750 to grow to $37,000 assuming k=3.85% compounded weekly?
What is the amount of thetas built-in gains tax liability : Built-in gains tax. Theta Corporation formed 15 years ago. In its first year, it elected to use the cash method of accounting and adopted a calendar year as its tax year. It made an S election on August 15 of last year, effective for Theta’s current ..
Assuming monthly compounding : Suppose Manij needs $47,500 to buy a new kitchen at the end of 2019. Assume that Manij uses an account earning 2.65% yearly. What does Manij have to deposit at the beginning of 2013, assuming monthly compounding.
Retirement fund by depositing : Sara decides to set up a retirement fund by depositing $21 at the end of each day for 17 years. How much will she have then, if the interest rate is 6.25% compounded weekly and her account starts with $14,500 already deposited?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much of the gain is included in gross income

This year, Barney and Betty sold their home (sales price $750,000; cost $200,000). All closing costs were paid by the buyer. Barney and Betty owned and lived in their home for 18 months. How much of the gain is included in gross income?

  What would hope operating income be under the absorption

What is the cost of the inventory at January 31, 2015 under the FIFO method if only 145 cordless screwdrivers were on hand at the time of the physical count?

  Explain how will a partner distributive share

Explain how will a partner's distributive share be find out if the partner sells one half of his or hers beginning of the year partnership interest at the beginning of the tenth month of the partnership's tax year?

  Estimate the behaviour of crsl staff cost

Use the high-low method to estimate the behaviour of CRSL staff cost based on customer numbers within the relevant range. Use an equation to express the results of this estimation method.

  What political and business risks and rewards

What political and business risks and rewards are associated with global business operations. Also, how does the monetary exchange impact the rates on corporate profits.

  Discuss how this change impacts the company

For each ratio, you should define the ratio, inform the directors about the change in the ratio from one year to the next, and discuss how this change impacts the company.

  Aving learned the five core principles does this make sense

Typically the interest rate on the fixed-rate mortgage is higher. Having learned the five core principles, does this make sense?

  How this affect the financial statements

Why are there differences between taxable and financial income? What are some examples of permanent and temporary differences? Why do these differences exist? How do they affect the financial statements?

  Economic analysis of small-scale cogeneration

Economic analysis of small-scale cogeneration. You are considering an investment in three 60-kW micro turbines that generate both electricity and DHW, for a large apartment complex. The micro turbines will displace output from the existing natural ga..

  How must the irs collect the liability for federal taxes

Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Craig owns 55% of the stock, and Oscar owns the remaining 45%.

  Provide the entry for the issuance assuming the par value

Provide the entry for the issuance assuming the par value of the common was $5 and the market value $30, and the par value of the preferred was $40 and the market value $50. (Each valuation is on a per share basis and there are ready markets for ..

  Compute the unit cost for one brush

Compute the ratio of operating expense to total revenue and operating income to total revenue and compute the unit cost for one brush.

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