What will he the difference in retirement account balance

Assignment Help Financial Management

Reference no: EM131562581

Susan saved $5000 per year in her retirement account for 10 years (during age 25-35) and then quit saving. However, she did not make any withdrawal until she turned 65 (i.e.. 30 years alter she stopped saving). Her twin sister, Jane did not save anything during the 1st 10 year, (during age 25-30) but saved $5,000 per year for 30 years (during age 35-65). What will he the difference in their retirement account balance at age 65, if their investments earned an average return of 8% during the entire period?

$53, 568 $162, 450 $236, 265 $102.289

Reference no: EM131562581

Questions Cloud

What amount would the company record for cost : If the company sells a total of 50 helmets during the year, what amount would the company record for cost of good sold using the FIFO method

What will be the implication of the given case : The owner of a successful business wishes to retire and sell the business to her daughter. The business is worth substantially more than the owner's basis.

What are the nominal and effective costs of trade credit : What are the nominal and effective costs of trade credit to Grunewald's nondiscount customers?

Discuss the definition of the globalization : Describe your view on the benefits and risks of globalization, on both UAE and China and state the culture acceptance to globalization.

What will he the difference in retirement account balance : What will he the difference in their retirement account balance at age 65, if their investments earned an average return of 8% during the entire period?

Is the tax director correct in his assessment : Altidore Inc. operates a calendar-year-end business that suffers from dramatic seasonal variation in taxable income. Is tax director correct in his assessment

Long-term capital and follows conservative financing policy : Unexpected increase in interest rates than is firm that uses long-term capital and thus follows a conservative financing policy.

What would the limits of rationality be for nichols : Please complete in paragraph form. Do not use I think or I believe or .org, .edu, .net, .com websites. Use academic or government websites only.

Discuss the meaning of goodwill impairment : Discuss the meaning of goodwill impairment and how it is computed under current accounting standards

User Account

All Pages