If I made seven, $1000 payments into a 401(k) account, how much would my account be worth

Question:

If I made seven, $1000 payments into a 401(k) account, how much would my account be worth after 20 years if I made 13% a year during that investment?

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

Step by Step Answer:

Related Book For book-img-for-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Question Posted: Apr 12, 2012 06:09 AM

See More Questions

How much will $10,000 be worth after 25 years if it earns: a. 6% compounded semiannually? b. 7%compoundedsemiannually? c. 8% compounded semiannually?
How much will an investment of $100 be worth after 20 years if it increases in value by 25% in each of 10 years, but declines by 20% in each of the other 10 years?
How much will your investment portfolio be worth after 40 years if it earns: a. 8% compounded monthly? b. 10% compounded monthly?
My division had another great year last year. We all worked hard, and the results were there. But again we got no reward for our hard work. It's very frustrating. - Division Manager, General Products...
In her book Extraordinary Circumstances, Cynthia Cooper describes her life as going from an internal auditor to a whistleblower. In the book, she states that she never believed she was a...
Laker Company reported the following January purchases and sales data for its only product. For specific identification, ending inventory consists of 280 units from the January 30 purchase, 5 units...
With reference to the preceding exercise, change the equation obtained in part (a) to the form $\widehat{y}=a \cdot e^{-c x}$, and use the result to rework part (b).
On January 1, 2016, Technicians Credit Union (TCU) issued 7%, 20-year bonds payable with face value of $100,000. The bonds pay interest on June 30 and December 31. The issue price of the bonds is...
Half a liter of gas in an air conditioner is initially at a temperature of 25 degrees Celsius and 2.0 atm of pressure. The volume of the gas is rapidly expanded to 2 L and the pressure of the gas...
Barbara is single and owns a home in the city, which is her primary residence. She also owns a cottage at the beach, which she treats as a vacation home. In April 2019, she borrowed $50,000 on a home...
What is the present value of $50,000 discounted at 15% for 10 years?
What is the value of a $100 investment that earned 6% per year for five years?
The enrollment in Head Start for some recent years is included in the table. a. Plot the points from the table using 0 for 1960, and so on. b. Use the quadratic regression feature of a graphing...
A 0.630-mH inductor and a 128- resistor are placed in series with a 24-V battery. How long will it take for the current to reach 67% of its maximum value? s What is the maximum energy stored in the...
SESSION DATE JUNE 21, 2024 15 To: Binh's Bins 672 Alleyway Drive Red Deer, AB T4R 2T4 BINH'S BINS - GENERAL JOURNAL Sylvan Motors 179 Towing Blvd., Red Deer, AB T4P 1S2 Date: June 15, 2024 Truck...
Solve the right triangle. 140 75 Find the length of the side adjacent to the given angle. (Round your answer to two decimal places.) 540.92 * Find the length of the hypotenuse. (Round your answer to...
NPV= -29,000 + 14,400 /(1+r) + 12,300/(1+r) 2 + 9,200/(1+r) 3 + 5,100/(1+r) 4 . What is the value of r?
in a period of 1 5 s , an elevator car which weighs 6 0 0 0 N including its passenger goes from the first floor to the third floor by covering a vertical distance of 3 6 m . what is the average power...
Should every risk, no matter how major or minor, have a contingency plan created to address it? Why or why not?
Explain five different cases of income exempt from tax with clear examples.
``I Will If You Will ... A Critical Mass Model,'' by Jo Anne S. Growney, UMAP 539. A graphical model is presented to treat the problems of individual behavior in a group when the individual makes a...
What is the purpose of the post-closing trial balance? Explain where the information for the post-closing trial balance comes from.
What is the purpose of the post-closing trial balance? Explain where the information for the post-closing trial balance comes from.
Which one of the following statements is true with respect to periodic reporting? a. All companies in the United States are required to have a fiscal year that ends on December 31. b. The issuance of...
Assume you have a portfolio consisting of a $400,000 investment in stock A and a $600,000 investment in stock B. Suppose that the daily volatilities of these two assets are 2% and 1.5%, respectively,...
What is the role of education in promoting social mobility and reducing inequality, and how can educational systems be reformed to better serve diverse populations while preparing individuals for the...
A European call option and put option on a non-dividend paying stock both have a strike price of $51 and an expiration date in 6 months. The put sells for $2.50 and the call sells for $2. The...

If I made seven, $1000 payments into a 401(k) account, how much would my account be worth

Question:

Step by Step Answer:

Computation of the following Future Value at year 7 ...View the full answer

Income Tax Fundamentals 2013

Students also viewed these Accounting questions