Determine the size of your investment account 30 years from now (when you plan to retire) if
Question:
Determine the size of your investment account 30 years from now (when you plan to retire) if you deposit $12,000 each year, beginning 1 year from now, and the account earns interest at a rate of 10% per year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
F 12000...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What factors determine the size of the investment a firm has in its accounts receivable? Which of these factors are under the control of the financial manager?
-
1. Using Exhibit 7.6 or a financial calculator, determine the required monthly payments if the loan is taken out at First National Bank of Arlington. 2. Compute (a) The finance charges (b) The APR on...
-
A midcareer engineer hopes to have $2 million available for his use when he retires 20 years from now. He plans to deposit a uniform amount semiannually, beginning now and every 6 months thereafter...
-
An analysis of spending by a sample of credit card bank cardholders shows that spending by cardholders in January (Jan) is related to their spending in December ( Dec): The assumptions and conditions...
-
Aluminum wire with a weight per unit length of 0.033 lb/ft is used to form the circle and the straight members of the figure shown. Determine the mass moment of inertia of the assembly with respect...
-
Assume you have a flower shop and you bought a delivery van for $34,000. You expect the van to remain in service for three years (138,000km). At the end of its useful life, you estimate that the...
-
Repeat the azeotrope formation case study for cyclic (naphthenic) and cyclic (aromatic) compounds that form azeotropes with ethanol. Also, repeat the azeotrope formation case study to identify all...
-
The balance sheet for Rodman Company is as follows. In addition, the following information for 2012 has been assembled: Debt ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
In the context of absorptive separation processes, how does the introduction of reactive absorption (e.g., using chemical reactants) alter the absorption equilibrium and kinetics? What are some...
-
Genuine Spice Inc. began operations on January 1, 2016. The company produces eight- ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for...
-
Calculate the present worth of 10 uniform payments of $8000 that begin 1 year from now at an interest rate of 10% per year.
-
How much could BTU Oil & Gas Fracking afford to spend on new equipment each year for the next 3 years if it expects a profit of $50 million 3 years from now? Assume the companys MARR is 20% per year.
-
You are the vice president of finance of Sandy Alomar Corporation, a retail company that prepared two different schedules of gross margin for the first quarter ended March 31, 2020. These schedules...
-
Define the following: a. IDC b. Elected capitalized IDC c. Sublease d. Depletable basis e. Half-year convention f. Property
-
How is a data flow diagram different from a flowchart?
-
What are some examples of the event-driven modeling used in systems analysis?
-
What are external agents and why can the external agents of an information system change?
-
If interest areas warranting further evaluation are identified, the initial reconnaissance costs of the project area are ______________. a. Capitalized to the areas of interest b. Allocated to the...
-
Consider the sports ratings model in section 7.6. If you were going to use the approach used there to forecast future sports contests, what problems might you encounter early in the season? How might...
-
suppose a nickel-contaminated soil 15 cm deep contained 800 mg/kg Ni, Vegetation was planted to remove the nickel by phytoremediation. The above-ground plant parts average 1% Ni on a dry-weight bas...
-
The subsidized cost of producing water at the El Paso Water Utilities (EPWU) Kay Bailey Hutchison (KBH) desalting plant is $1.56 per 1000 gallons. Under a contract that EPWU has with Fort Bliss, the...
-
The rising cost of athletic programs at major universities has induced college presidents and athletic directors to devise innovative ways to finance cash strapped sports programs. One of the latest...
-
The cash flow associated with making self-locking fasteners is shown below. Determine the net present worth (year 0) at an interest rate of 10% peryear. Year 02 3 4 5 6 78 9 Income, 1000 20 20 20 20...
-
Describe the impact of Non-Uniform Memory Access (NUMA) on an operating system's memory management strategies, and how an OS can optimize performance in a NUMA-based hardware environment .
-
Explain the concept of system calls in operating systems, and discuss the security implications of exposing system-level operations to user space.
-
Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Assembly Overhead cost $ 1,560,000 $ 1,035,000 Direct labor hours Machine hours 13,000 direct...
Study smarter with the SolutionInn App