Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much will the Contribution to Self Plan need to increase to make both plans equally attractive after 36 years? I really want to get

image text in transcribed

How much will the Contribution to Self Plan need to increase to make both plans equally attractive after 36 years?

I really want to get the difference between the total balance for each plan at year 5 below $4000.00. What rate of return will I need to earn on the self contribution plan to achieve the desired outcome?

I have selected the self contribution plan. I now want to look at what my account balance may be in year 36. Create a what if table that shows the total at year 36 assuming the contributions to the self plan are between 10% and 12% in .25% increments and that the rate of return is between 6% and 8.5% in .25% increments. What is the value in the 7th column and 7th row of the table (not counting the input data)?

I have selected the self plan. I now want to look at what my account balance may be in year 30. Create a what if table that shows the total at year 30 assuming the contributions in the self contribution plan are between 10% and 12% in .25% increments and that the rate of return is between 6% and 8.5% in .25% increments. What is the value in the 7th column and 7th row of the table (not counting the input data)?

Vacation 6 Flags $727.08 Beach 6 Flags Beach Hotel Food Gas Fun Tickets Misc $537.11 49.99 $ 20.00 400 $ 100.00 3 $ 79.99 4 25.00 400 $ 60.00 $ 39.99 $ 100.00 4 $ 100.00 Vacation 6 Flags $727.08 Beach 6 Flags Beach Hotel Food Gas Fun Tickets Misc $537.11 49.99 $ 20.00 400 $ 100.00 3 $ 79.99 4 25.00 400 $ 60.00 $ 39.99 $ 100.00 4 $ 100.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Identify and control your anxieties

Answered: 1 week ago

Question

Understanding and Addressing Anxiety

Answered: 1 week ago