FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are saving for retirement. You have estimated that your annual contribution can be $ 1,640. Assume you make 40 contributions to the LONG TERM

image text in transcribed
You are saving for retirement. You have estimated that your annual contribution can be $ 1,640. Assume you make 40 contributions to the LONG TERM VISION fund that is estimated to yield a blended rate of 5.5%. Calculated the accumulated value of your portfolio at the end of 40 years. 229,497 224,033 221,301 226,765

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

Production And Operations Analysis

Production And Operations Analysis

Authors: Steven Nahmias

6th Edition

0073377856, 9780073377858

More Books

Students also viewed these Finance questions

Question

★★★★★
The chapter discussed three inventory costing methods. List the three methods and briefly explain each. Required: Make the needed corrections in this calculation. Prepare the journal entry or entries...

Answered: 1 week ago

Question

★★★★★
Determine whether a sales appeal is appropriate for each of the following situations: (Objectives 2, 4, and 5) a. You are responding to a complaint about the long lines at the checkouts in your...

Answered: 1 week ago

Question

★★★★★
45. The population of a particular country consists of three ethnic groups. Each individual belongs to one of the four major blood groups. The accompanying joint probability table gives the...

Answered: 1 week ago

Question

★★★★★
On July 1, 2010, Brower Industries Inc. issued $32,000,000 of 10-year, 12% bonds at an effective interest rate of 13%, receiving cash of $30,237,139. Interest on the bonds is payable semiannually on...

Answered: 1 week ago

Question

★★★★★
Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $14 and sells them for $20. Adam's current breakeven point is...

Answered: 1 week ago

Question

★★★★★
Air, at 4 0 0 0 C and 1 7 bar - abs , is used tofluidise 3 2 7 0 0 kg of sand in a cylindrical vessel.The diameter of the vessel is 3 . 0 5 m and that ofthe particle is 0 . 1 4 7 mm . If the density...

Answered: 1 week ago

Question

★★★★★
Coffee-cup Corporation received an invoice on May 2, 2012, stating the discount terms as 2/10, n/30. The company settled the invoice amount by paying $1,470 on May 10, 2012. What is the amount of...

Answered: 1 week ago

Question

★★★★★
1.Mr. John Foret is 42 years old and divorced from his wife. His Net Income For Tax Purposes consists of rental income. He has retained the family home and both of the children of the marriage live...

Answered: 1 week ago

Question

★★★★★
A parachute company sells safety devices that are designed to fire, releasing the reserve parachute, at a mean height of 335.2 m with a standard deviation of 12.1 m. The company recently updated the...

Answered: 1 week ago

Question

★★★★★
1. Although Apples inbound logistics began with Apple controlling the assembly of its computers, it shifted to having suppliers acquire raw materials with contract manufacturers handling most of the...

Answered: 1 week ago

Question

★★★★★
Compose two (2) pieces of academic writing on the following questions. Responses should be 800 words each and have a short introduction, body, and a short conclusion. Research Task 1 What are the...

Answered: 1 week ago

Question

★★★★★
5. Identify three characteristics of the dialectical approach.

Answered: 1 week ago

Question

★★★★★
6. Explain the strengths of a dialectical approach.

Answered: 1 week ago

Question

★★★★★
4. Explain the strengths and weaknesses of each approach.

Answered: 1 week ago

Previous Question Next Question