Carla Lopez deposits $3,000 a year into her retirement account. If these funds have an average earning
Question:
Carla Lopez deposits $3,000 a year into her retirement account. If these funds have an average earning of 8 percent over the 40 years until her retirement, what will be the value of her retirement account?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
3000 2...View the full answer
Answered By
Michael Owens
I am a competent Software Engineer with sufficient experience in web applications development using the following programming languages:-
HTML5, CSS3, PHP, JAVASCRIPT, TYPESCRIPT AND SQL.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Carla Lopez deposits $3,200 a year into her retirement account. If these funds have an average earning of 9 percent over the 40 years until her retirement, what will be the value of her retirement...
-
1. After taking into account the income that Sophia will receive from Social Security and her company sponsored pension plan, the financial planner has estimated that her investment assets will need...
-
Elena Diaz is 57 years old and has been widowed for 13 years. Never remarried, she has worked full-time since her husband died-in addition to raising her two children, the youngest of whom is now...
-
Activity-based costing systems should be used instead of traditional costing systems if ________. A. indirect production costs are a large percentage of production costs B. different products consume...
-
In the table for Problem 8-14, if 2020 is the base year, what is the price index for 2019? (Round decimal fractions to the nearest tenth)
-
Security isnt simply a technology issue, its a business issue. Discuss.
-
The unbalanced force caused by an eccentric mass \(m\) rotating at an angular speed \(\omega\) and located at a distance \(r\) from the axis of rotation is a. \(m r^{2} \omega^{2}\) b. \(m g...
-
Shatner Landscaping plants grass seed as the basic landscaping for business campuses. During a recent month the company worked on three projects (Remington, Chang, and Wyco). The company is...
-
Review the UNSDGs and identify one that is the most meaningful to you and that you'd like to focus your research on this: https://www.un.org/sustainabledevelopment/sustainable-development- goals 2....
-
Find a general solution. Check your answer by substitution. ODEs of this kind have important applications to be discussed in Secs. 2.4, 2.7, and 2.9. 4y" - 25y = 0
-
Pete Morton is planning to go to graduate school in a program of study that will take three years. Pete wants to have $8,000 available each year for various school and living expenses. If he earns 4...
-
Let X and Y have joint density f(x, y) = 4e 2x , for 0 < y < x < . Find P(1 < Y < 2|X = 3).
-
The recursion process is identical with which of the following construct? A. Switch case B. If else C. Loop D. if else if ladder
-
Implement a machine learning algorithm, such as linear regression or a decision tree, from scratch. Use it to fit a model to a given dataset and make predictions.
-
Dept. Goal - Department employees will provide tutoring or Stem classes at local schools for a total of 100 hours over the next year. Tactical steps: Connect with local schools to gather information:...
-
Some equations involving x and y define y as a function of x, and others do not. For example, if x + y = 1, we can solve for y and obtain y = 1-x. And we can then think of y = f(x) = 1 -x. On the...
-
Given an array containing the digits 7, 4, 2, 8, 1, 0, 6, 3 (written as 74281063), show how the order of the digits changes during each step of the following algorithms. (a) insertion sort (b)...
-
Suppose that a company (XYZ) has a market value of $100 million. XYZ is funded entirely through equity and has an equity beta of 1.5. Assume: - a market risk premium of 5%; - a risk-free rate of 4%;...
-
Show that the function = (x) cos (kx) satisfies the equation if A and k are constants. dr2
-
What will be the final value of DI after executing the following piece of code? Execute the instructions dependently one after another. CLD MOU CX,OFOH MOU AX.02874H MOU DI,01000H MOU ES, DI SUB...
-
Louise McIntyres monthly gross income is $4,000. Her employer withholds $800 in federal, state, and local income taxes and $320 in Social Security taxes per month. Louise contributes $160 each month...
-
A few years ago, Simon Powell purchased a home for $220,000. Today, the home is Problems worth $300,000. His remaining mortgage balance is $100,000. Assuming that Simon can borrow up to 80 percent of...
-
A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two months of interest, what would be the amount for early withdrawal on a...
-
entory LO P1 Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in...
-
Four departments of a company need to order the following amounts of the same products. (a) Use matrix multiplication to get a matrix showing the comparative costs for each department for the...
-
The trial balance columns of the worksheet for Cullumber Company at June 30, 2027, are as follows. Cullumber Company Worksheet For the Month Ended June 30, 2027 Trial Balance Account Titles Dr. Cr....
Study smarter with the SolutionInn App