You are saving for retirement. You make 40 contributions to the LONG TERM VISION fund that...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are saving for retirement. You make 40 contributions to the LONG TERM VISION fund that yields a blended rate of 5.5%. You contribute $16,800 each year. The value of your portfolio at the end of 40 years is This is a FV calculation. 2,021,322 2.294,093 O2,294,974 2,226,050 You are saving for retirement. You make 40 contributions to the LONG TERM VISION fund that yields a blended rate of 5.5%. You contribute $16,800 each year. The value of your portfolio at the end of 40 years is This is a FV calculation. 2,021,322 2.294,093 O2,294,974 2,226,050
Expert Answer:
Answer rating: 100% (QA)
Option c is Correct 2294974 Explanation Yearly Payment to the fund ... View the full answer
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date:
Students also viewed these accounting questions
-
You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $15,000 at the end of each year for the next 10 years. You expect to...
-
You are saving for retirement. To live comfortably, you decide you will need to save $2 million by the time you are 65. Today is your twenty-second birthday, and you decide, starting today and...
-
You are saving for the college education of your two children. They are two years apart in age; one will begin college 15 years from today and the other will begin 17 years from today. You estimate...
-
Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also, he believes that at...
-
Refer to Exhibit. List the principles representing the fundamental concepts of the control environment component.
-
Explain why bondholders often prefer a sinking fund provision in a bond issue.
-
The following scenarios describe situations faced by hypothetical companies that currently have a centralized organization structure. As you review each of the scenarios, provide your opinion as to...
-
Waterbury Corporation issued $16,000,000 in 8.5 percent, five-year bonds on March 1, 2014, at 96. The semiannual interest payment dates are September 1 and March 1. Prepare the journal entries to...
-
The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory,...
-
Consider the assignment problem having the following cost table. (a) Draw the network representation of this assignment problem. (b) Formulate this problem as a transportation problem by constructing...
-
Contingency reservs are acceptable risk mitigation for which catagory of risk? A . Known unknown risks B . Unknown unknown risks C . Known known risks D . Unknown known risks
-
In Solved Problem 19.2, show that, if all the other firms were producing a high-quality wallet, it would pay a firm to start producing a low-quality wallet. Data From Solved Problem 19.2:- It costs...
-
Suppose that the inverse demand curve for paper is \(p=200-Q\), the private marginal cost (unregulated competitive market supply) is \(M C^{p}=80+Q\), and the marginal harm from gunk is \(M...
-
A study of 13 main arterial roads in Delhi, India, in June 2017 by the Centre for Science and Environment found that "rush hour" is every day from 8 A.M. to 8 P.M., with average speeds not exceeding...
-
Two competitive retail stores are located next to one another. The demand curve for security services for the first store is \(q_{1}=24-0.5 p_{1}\) and for the second store is \(q_{2}=24-p_{2}\). The...
-
Suppose a person's utility function is \(U(W)=\) \(3 W^{3}-40 W^{2}+180\), where \(W\) is wealth. Their initial wealth is 6 . If invested, that amount could rise or fall. a. If it is equally likely...
-
Banquo adheres to ASPE. Banquo Corp's transactions for the year ended December 31, 20x7 include the following: Purchased land for $237,000 cash. Borrowed $237,000 from the bank on a long-term note....
-
Inexhaustible collections of ONPOs are not required to be capitalized or depreciated, if certain criteria are met. Why is this so, and what accounting and reporting recognition, if any, is required...
-
Consider a project with a required return of R percent that costs $ I and will last for N years. The project uses straight-line depreciation to zero over the N-year life; there are neither salvage...
-
What are some of the difficulties that might come up in actual applications of the various criteria we discussed in this chapter? Which one would be the easiest to implement in actual applications?...
-
For 2012, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. Use the following information for Ingersoll, Inc., for (assume the tax rate is 34percent): 2011...
-
A diffraction grating is a closely spaced array of apertures or obstacles forming a series of closely spaced slits. The simplest type in which an incoming wave front meets alternating opaque and...
-
Find the position of the first minimum for a single slit of width 0.04 \(\mathrm{mm}\) on a screen of \(2 \mathrm{~m}\) distance, when light from a He-Ne laser \(\lambda=\) 6328 is shone on the slit.
-
A GaAs p-n junction has a \(100 \mu \mathrm{m} \times 100 \mathrm{~m}\) cross section and a width of the depletion layer \(W=440 \mathrm{~nm}\). Consider the junction in thermal equilibrium without...
Study smarter with the SolutionInn App