User Account

All Pages

What was the value of his ira at the end of 10 years

Assignment Help Finance Basics
Reference no: EM131725698

Ruben invested $1400 per year in an IRA each year for 10 years earning 4% compounded annually. 

At the end of 10 years he ceased the IRA payments, but continued to invest his accumulated amount at 4% compounded annually for the next 7 years. 

a) What was the value of his IRA at the end of 10 years? 

Answer = $  

b) What was the value of the investment at the end of the next 7 years? 

Answer = $

Reference no: EM131725698

Questions Cloud

How much will be in the account : Steven also plans to contribute another 12,000 $ into the account 1 year (12 months) from now and another 22,000 into the account 2 years from now.
Explain the new type of entrepreneurship for individuals : Analyze the circumstances under which Uber might be liable for the conduct of its drivers.Summarize the main principles of agency.
Month in a retirement plan paying : Mark deposits $700 each month in a retirement plan paying 15% compounded monthly. How much will he have in the account after 28 years?
Identify steve jobs sources of personal and position power : Identify Steve Jobs' sources of personal and position power. Assess the implications of Steve Jobs' influence inside and outside the company.
What was the value of his ira at the end of 10 years : At the end of 10 years he ceased the IRA payments, but continued to invest his accumulated amount at 4% compounded annually for the next 7 years.
What is the lateral magnification : Two thin converging lenses are placed on a common axis, so that the center of one of them coincides with the focus of the other.
Down payment on a house : In 7 years Harry and Sally would like to have $22000 for a down payment on a house. How much should they deposit each month into an account paying
What are the characteristics of the program : How do special needs, mentally ill, and substance-abusing prisoners affect the jail and prison systems at state and federal levels?
Total amount of interest paid : Mr. Smith is purchasing a $ 160000 house. The down payment is 20 % of the price of the house.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd