Assume that you want to retire early at age 53. You plan to save using one of
Question:
Requirements
1. How much out- of- pocket cash will you invest under the two options?
2. How much savings will you have accumulated at age 53 under the two options?
3. Explain the results.
4. If you let the savings continue to grow for nine more years (with no further out- of- pocket investments), under each scenario, what will the investment be worth when you are age 62?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
Req 1 Your outofpocket cost is 120000 either way 4800 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Assume that you want to retire early at age 52. You plan to save using one of the following two strategies: (1) save $3,000 a year in an RRSP beginning when you are 22 and ending when you are 52 (30...
-
Assume that you want to retire early at age 52. You plan to save using one of the following two strategies: (1) save $2,700 a year in an IRA beginning when you are 27 and ending when you are 52 (25...
-
Assume that you want to develop your global skills so that you can pursue international assignments with your company. Identify five skills that you would want to develop, and describe how you would...
-
Children out of School in America is a report on delinquency of school-age children prepared by the Childrens Defense Fund (CDF), a government-sponsored organization. Consider the following three...
-
Nine percent of men and 0.25% of women cannot distinguish between the colours red and green. This is the type of colour blindness that causes problems with traffic signals. If 6 men are randomly...
-
Imagine that you have been hired by a wealthy out-of-town investor to find him a residential income property investment with 5 to 10 units located within a 5-mile radius of the college or university...
-
Refer to the Arctic Springs Filtration Department Data Set. 1. Compute the December conversion costs in the Filtration Department. 2. If the Filtration Department completely processed 200,000 liters,...
-
1. Use Table 16-2 to evaluate the extent to which Lynn Tilton displayed the characteristics associated with being a good leader and good manager. 2. Which different positive and negative leadership...
-
19. Consider the given arrangement. The two slits S and S are illuminated by monochromatic light of wavelength A. Slits S3 and S4 are at separation d minimum intensity on the screen will be 2.D =...
-
During August 2023, Patty O'Furniture Repair Service experienced the following transactions: 1. Aug 2 - Issued shares of common stock in exchange for cash, $4,000 2. Aug 4 - Purchased equipment for...
-
Arnold Products is considering whether to upgrade its equipment. Managers are considering two options. Equipment manufactured by Richland Motors costs $ 1,000,000 and will last five years and have no...
-
Griffin Industries is evaluating investing in solar panels to provide some of the electrical needs of its main office building in Orlando, Florida. The solar panel project would cost $ 650,000 and...
-
How wise do you think it was for Airbus to bet the company on the super-jumbo A380, the worlds largest jet?
-
Sunland Company reported the following items for 2 0 1 9 : Income tax expense $ 8 6 0 0 0 Contribution margin 3 0 0 0 0 0 Controllable fixed costs 8 0 0 0 0 Interest expense 8 0 0 0 0 Total...
-
What is controversial between return of intelligence and return on investment?
-
On March 2, Accepted a(n) $6,400, 7%, 90-day note in granting a time extension on the past-due account receivable from Midnight Company. what would be the notes receivable and accounts receivable by...
-
what is the Lululemon Inventor valuation method?
-
Coronado Inc. issued $ 9 2 0 , 0 0 0 of 1 0 % , 1 0 - year bonds on June 3 0 , 2 0 2 5 , for $ 8 1 4 , 4 7 2 . This price provided a yield of 1 2 % on the bonds. Interest is payable semiannually on...
-
Find the sum of the series correct to three decimal places. (By definition, 0! = 1.) 00 n=0 (-1)" n!
-
A certain Christmas tree ornament is a silver sphere having a diameter of 8.50 cm. Determine an object location for which the size of the reflected image is three-fourths the size of the object. Use...
-
Fill in the blanks to make the following statements correct. a. When actual GDP is higher than potential GDP, we say that there is \(a(n)\)________ gap. When actual GDP is less than potential GDP we...
-
Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: (a) The...
-
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first...
-
Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the companys factory; Jim is...
-
Create a C++ program that concatenates 'n' number of strings input by the user, while adhering to the following specifications. Note that the strcat() function cannot be used. 1. The program asks the...
-
What role do ethnomethodological approaches play in uncovering the underlying norms and assumptions that govern everyday social interactions, and how do these insights inform our understanding of...
-
Consider f(x) = (x1 + x). Given the iterate xk = [H] and the search direction dk = show that " dk is a descent direction and find the minimizer of min f(xk+adk). a0
Study smarter with the SolutionInn App