A $5,000 balance in a tax-deferred savings plan will grow to $50,313.50 in 30 years at an
Question:
A $5,000 balance in a tax-deferred savings plan will grow to $50,313.50 in 30 years at an 8% per year interest rate. What would be the future worth if the $5,000 had been subject to a 28% income tax rate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
F 500...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Question Posted:
Students also viewed these Business questions
-
1. Assuming the deathclock.com projection is accurate, Cory is concerned about getting back as much as possible of his Social Security taxes. At what age can he retire and receive full Social...
-
In problem 9.38, Mosaic Software could invest $10,000,000 over a 6 year period with a net cash flow estimate of $1,115,000 per year. The equity portion of the investment will cost 9.25% per year;...
-
For your job as the business reporter for a local newspaper, you are given the task of putting together a series of articles that explain the power of the time value of money to your readers. Your...
-
a) Verify the above differential equation is not exact. b) Find an integrating factor that will make the differential equation exact. Verify your work. c) Solve the differential equation (implicit...
-
Consider a project to supply Detroit with 25,000 tons of machine screws annually for automobile production. You will need an initial $2,700,000 investment in threading equipment to get the project...
-
A 90 wt% Ag-10 wt% Cu alloy is heated to a temperature within the b + liquid phase region. If the composition of the liquid phase is 85 wt% Ag, determine: (a) The temperature of the alloy (b) The...
-
How to draft a demand letter?
-
The weighted average cost of capital for a firm (assuming all three Modigliani and Miller assumptions apply) is 15 percent. What is the current cost of equity capital for the firm if its cost of debt...
-
Question 4 Question 4a, b, c and d are mutually exclusive and independent of each other. Answer each part according to the given scenario. Question 4a Kiwi Pte Ltd (KPL) acquired the trademark of a...
-
According to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847 (Time.com website). Assume that annual household income in Maryland follows a...
-
The income tax-free yield on a certain municipal bond is 7% per year. This translates into approximately a 5% annual yield if the municipal bonds interest had been taxable in the 28% income tax...
-
Suppose that you invest $200 per month (before taxes) for 30 years (360 payments) and the annual interest rate (APR) is 8%, compounded monthly. If your income tax bracket is 28%, what lump sum,...
-
Citizens Bank of Canada operates a credit card program that supports not-forprofit initiatives aimed at effecting positive environmental and social change. The Shared Interest VISA card has no annual...
-
Using the information above. 1. Trace/graph the stages of production 2. Identify the point of diminishing returns 2 2 2 2 2 2 2 2 2 2 Units of Fixed Input Units of Variable Input (x) 0 1 2 3 4 5 6 7...
-
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $11.00 per direct labor-hour and 120% of direct...
-
1. What would the price of the following mutual fund be? It holds assets of $421,607,000 It has a liabilities percentage of .55% It has 985,213 shares 2. What would the price of the following mutual...
-
Hunter invested $970 in an account paying an interest rate of 7(1)/(4)% compounded continuously. Sofia invested $970 in an account paying an interest rate of 7(5)/(8)% compounded monthly. After 6...
-
Auld Inc. is in a declining industry. Sales, earnings, and dividends are all decreasing at a rate of 5% per year. Investors have a required return of 12% and the next dividend is expected to be...
-
Why is it illegal to use inside information in making securities transactions?
-
Uniform electric field in Figure a uniform electric field is directed out of the page within a circular region of radius R = 3.00 cm. The magnitude of the electric field is given by E = (4.50 x 10-3...
-
State the purpose for each of the following built-in spreadsheet functions. (a) PV (i%, n, A, F) (b) FV (i%, n, A, P) (c) RATE (n, A, P, F) (d) IRR (first_cell: last_cell) (e) PMT (i %, n, P, F) (f)...
-
What are the values of the engineering economy symbols P, F, A, i, and n in the following functions? Use a question mark for the symbol that is to be determined. (a) NPER (8%, 1500,8000,2000) (b) FV...
-
Write the engineering economy symbol that corresponds to each of the following spreadsheet functions. (a) PMT (b) FV (c) NPER (d) PV (e) IRR
-
What are the functions of organizational culture? Use your own experience in an organization (workplace, school, gym, etc.) to explain how organizational culture contributes either positively or...
-
In 2 0 2 4 , Bratten Fitness Company made the following cash purchases: The exclusive right to manufacture and sell the X - Core workout equipment from Symmetry Corporation for $ 2 1 8 , 0 0 0 ....
-
Organizational Culture and International Expansion Instructions Your initial post should answer the following questions: How does the national culture of an organization affect the way the...
Study smarter with the SolutionInn App