Kate has planned top invest 12000 per year at the start of the year in a Mutual

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

Question:

Kate has planned top invest 12000 per year at the start of the year in a Mutual fund earning 9% rate of return per year for he retirement that is 30 years away . How much will she accumulate on her retirement .

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

See More Books

Posted Date: Apr 01, 2024 01:13 AM

See More Questions

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
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...
Jimmy Johnson is 25 years old. He and his wife Jane, 27 years old, have two children, Emmitt and Patricia, ages 3 and 5 respectively. Jimmy wants to retire in 35 years and build boats. He would like...
The adjusted trial balance for Ray Corporation at July 31, 2017, the corporation's fiscal year end, contained the following: Of the lease liability amount, $16,250 is due within the next year. Total...
Determine which of these molecules has a more delocalized orbital and justify your choice. Both molecules contain two benzene rings. In naphthalene, the two rings are fused together. In biphenyl, the...
Maltby plc, a company quoted on the London Stock Exchange, has been making regular annual after-tax profits of 7 million for some years and has the following long-term capital structure....
A $1.2-\mathrm{kg}$ ball dropped from a height of $3.0 \mathrm{~m}$ onto a steel plate rigidly attached to the ground bounces back up to a height of $2.5 \mathrm{~m}$. (a) What is the impulse...
Labrador Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been closed on June 30, 2014, the end of the current fiscal year, the...
Chloe consumes only books (x) and video games (y). Her preferences can be represented by the following utility function: U(x, y) = xy2. The price of books is Px, the price of video games is Py, and...
What are some criticisms of determinate sentencing?
Judith will retire this year and has $560,000 in retirement assets available to her. She is planning for a 20 year retirement and has been getting a safe 10% rate of return on her assets What amount...
In 2021, Kevin had total sales of $160,000, of which $65,000 were on account. On December 31, 2021, there are receivables of $42,000. He estimates that $4,000 of these receivables are doubtful of...
Tony owns a clothing store in Melbourne. The following transactions occurred in the September 2022 quarter: Cash sales $65,000 Credit sales (accounts receivable customers) 120,000 Cash purchases...
55 years old. $5,431 fully franked dividends with $2,327 of franking credits. The taxpayer received a cash payment of $5,431. No spouse. Earned $85,000 from working, with $21,000 withheld, therefore...
what section of the customs Act is quoted on form B3 if the tariff classification of goods is corrected and the results revenue neutral?
Are intelligence and personality stable across adulthood and into old age?
CLASS PERIO Solving Linear Equations: Variable on Both Sides Solve each equation. 1) 6r+ 7 = 13 + 7r 3) -7x-3x+2=-8x-8 5)-14 +66+7-26=1+5b 7) n-3n = 14-4n 2) 13-4x=1-x 4)-8-x= x - 4x 6)n+2=-14-n 8)...
Enter up the relevant accounts in the purchases and general ledgers from the columnar purchases day book you completed for Review Question 20.2. Data From Review Question 20.2 20.2 Enter up a...
A Enter up a columnar purchases day book with columns for the various expenses for F. Graham for the month from the following information on credit items. 2016 June Bought goods from J. Syme 4 Bought...
Enter up the relevant accounts in the purchases and general ledgers from the columnar purchases day book you completed for Review Question 20.4A. Data From Review Question 20.4A 20.4A Enter up a...

Kate has planned top invest 12000 per year at the start of the year in a Mutual

Question:

Expert Answer:

To calculate the future value of an annuity you can use the future val... View the full answer

Personal Finance Turning Money into Wealth

Students also viewed these finance questions