{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T12:00:09-04:00", "answer_date": "2024-06-06 12:00:09", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2362973", "url": "\/study-help\/questions\/last-year-marcel-graduated-from-high-school-and-received-several-2362973", "question_creation_date_js": "2024-06-06T12:00:09-04:00", "question_creation_date": "Jun 06, 2024 12:00 PM", "meta_title": "[Solved] Last year Marcel graduated from high scho | SolutionInn", "meta_description": "Answer of - Last year Marcel graduated from high school and received several thousand dollars as a graduation gift. Marcel is now | SolutionInn", "meta_keywords": "year,marcel,graduated,high,school,received,thousand,dollars,graduation,gift,first,college", "question_title_h1": "Last year Marcel graduated from high school and received several thousand dollars as a graduation gift. Marcel is now in his first year of college.", "question_title": "Last year Marcel graduated from high school and received several thousand dollars", "question_title_for_js_snippet": "Last year Marcel graduated from high school and received several thousand dollars as a graduation gift Marcel is now in his first year of college He just heard of a guy that invested in an Internet company and made a huge profit in a few months Marc idea of making some money fast and is considering investing his graduation gift mo Internet stock Marcel's roommate, Luc, just finished a personal finance course and that Marcel may be getting himself into trouble Luc learned that Marcel has run up credit card bill and has trouble balancing his budget on a monthly basis, because M spend his entire paycheck each week In addition, Marcel really doesn't know much investing or how people actually make money investing Luc has asked you to hel through the following questions so that he can talk to Marcel about his investment p Questions 1 If Marcel invested $3,000 at the beginning of each year in his IRA and his invest 10 percent per year, what would be his nominal account balance at the end of 30 yea would be his inflation adjusted balance, assuming inflation of 3 5 percent Use the Returns Calculator to determine the answer 2 If Marcel was in the 15 percent tax bracket and he withdrew enough money at the each year to deplete his entire account from question 1 in 25 years, how much could per year if the account continued to earn 6 percent How much would the withdraw after taxes were paid, assuming all earnings were taxable as ordinary income Use a calculator or the factor tables to determine the", "question_description": "\"image
\"image<\/div><\/div><\/div> Last year Marcel graduated from high school and received several thousand dollars as a graduation gift. Marcel is now in his first year of college. He just heard of a guy that invested in an Internet company and made a huge profit in a few months. Marc idea of making some money fast and is considering investing his graduation gift mo Internet stock. Marcel's roommate, Luc, just finished a personal finance course and that Marcel may be getting himself into trouble. Luc learned that Marcel has run up credit card bill and has trouble balancing his budget on a monthly basis, because M spend his entire paycheck each week. In addition, Marcel really doesn't know much investing or how people actually \"make money investing.\" Luc has asked you to hel through the following questions so that he can talk to Marcel about his investment p Questions: 1. If Marcel invested $3,000 at the beginning of each year in his IRA and his invest 10 percent per year, what would be his nominal account balance at the end of 30 yea would be his inflation-adjusted balance, assuming inflation of 3.5 percent? Use the Returns Calculator\" to determine the answer. 2. If Marcel was in the 15 percent tax bracket and he withdrew enough money at the each year to deplete his entire account from question 1 in 25 years, how much could per year if the account continued to earn 6 percent? How much would the withdraw after taxes were paid, assuming all earnings were taxable as ordinary income? Use a calculator or the factor tables to determine the", "transcribed_text": "", "related_book": { "title": "Personal Finance", "isbn": "134724712, 134724713, 9780134779782 , 978-0134724713", "edition": "4th Canadian edition ", "authors": "Jeff Madura, Hardeep Singh Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1907.jpg", "uri": "\/textbooks\/personal-finance-4th-canadian-edition-1907", "see_more_uri": "\/textbooks\/business-forensic-accounting-3336" }, "free_related_book": { "isbn": "1795124814", "uri": "\/textbooks\/lake-michigan-saint-bernards-zoe-and-belle-1st-edition-978-1795124812-343624", "name": "Lake Michigan Saint Bernards Zoe And Belle", "edition": "1st Edition" }, "question_posted": "2024-06-06 12:00:09", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-best-indicator-of-an-organizations-readiness-to-respond-to", "description": "The best indicator of an organizations readiness to respond to a crisis is how it rates on five factors. 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