What if you wait ten years before contributing

Reference no: EM131510923

You have just made your first $5,000 contribution to your individual retirement account. Assume you earn an annual return 10.95 percent and make no additional contributions. What will your account be worth when you retire in 41 years?

What if you wait 10 years before contributing?

Reference no: EM131510923

Questions Cloud

Assigned article making mergers succeed : The executives interviewed in the assigned article, "Making Mergers Succeed," were generally positive with respect to the success of M&A activity.

Discuss how presentment has changed with electronic banking : Discuss how presentment has changed with electronic banking and how difficult catching issues has become.

Identify the type of corporate restructuring : Identify the type of corporate restructuring that fits with common theories of what are assumed to be causes of mergers and acquisitions

Assumes that all interest exceeded at the end of end of year : Assumes that all interest exceeded at the end of the end of the year ias reinvested the next year.

What if you wait ten years before contributing : What will your account be worth when you retire in 41 years? What if you wait 10 years before contributing?

Calculate the expected return and volatility? of portfolio : Calculate (a?) the expected return and (b?) the volatility? (standard deviation) of a portfolio

What is the expected difference in nominal interest rates : What is the expected difference in nominal interest rates between a 6-month risky security and a 6-month, default-free security?

Deposit any additional money into the account after transfer : Assuming that Amanda did not deposit any additional money into the account after the transfer,

Determine the expected present value of the investment : Determine the expected present value of the investment at time 0, based on

User Account

All Pages