Currently, Ally Gator has $9,000 in her Roth IRA. If Ally plans on contributing $5000 annually for

Fantastic news! We've Found the answer you've been seeking!

Question:

Currently, Ally Gator has $9,000 in her Roth IRA. If Ally plans on contributing $5000 annually for next 35 years and her IRA earns 7% annually, what will her IRA be worth?

Posted Date: May 18, 2024 11:10 PM

See More Questions

Associated Media Graphics (AMG) is a rapidly expanding company involved in the mass reproduction of instructional materials. Ralph Boston, owner and manager of AMG, has made a concentrated effort...
Find the real and reactive power absorbed by each element in the circuit infigure. -j50 j3 n 125/0 V rms 95/-10 V rms
A students test grade of 75 represents the 65th percentile of the grades. What percent of students scored higher than 75?
Why are unit costs kept separate on the finished goods ledger card?
On May 1, 2016, Love Corporation declared a $50,000 cash dividend to be paid on May 31 to shareholders of record on May 15. Required a. Record the events occurring on May 1, May 15, and May 31 in a...
A bank correction of an error from recording a $50 check paid as $500 appears on the bank statement as a a. debit memorandum that increases the account balance. b. credit memorandum that decreases...
Which audit program used by the IRS would catch the fact that the W2 income reported by the employer does not match what the employee reported as taxable wages? please note that Correspondence Audit...
Outline some controls that could be instituted to prevent alteration of fields on a printer file produced as a result of spooling. What controls could be used to ensure a printer file is printed only...
Give three major reasons why auditors might develop, maintain, and use expert systems.
What are the purposes of batch output production and distribution controls? What factors affect the choice of the batch output production and distribution controls used in an application system?
Briefly describe the major elements of an inventory system for preprinted computer stationery. Give three advantages that will accrue from having the inventory system you describe.
Give three concerns that auditors should have in relation to the execution of batch report programs.
Solve the equation for solutions over the interval [0, 360). 6 sin 0 cos 0-3 sin 0= 0 O cos 0 Soloct the porre
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
Determine the quick ratio for the commercial construction company in Figures 6-1 and 6-2 . What insight does this give you into the companys financial operations? Data From Figures 6-1 Figure 6-2...
In 2010, your company purchased a front-end loader for $$150,000,$ a dump truck for $$85,000,$ and a dumping trailer (pup) for the dump truck for $$38,000.$ The front-end loader was placed in...
For the current tax year, what are the maximum Section 179 deductions and the amount where Section 179 begins to be phased out?

Currently, Ally Gator has $9,000 in her Roth IRA. If Ally plans on contributing $5000 annually for

Question:

Expert Answer:

Students also viewed these finance questions