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

Question

1 Approved Answer

you have decided to save 4500 a year starting at age 25. you plan to retire as soon as you can accumulate $500,000. if you

you have decided to save 4500 a year starting at age 25. you plan to retire as soon as you can accumulate $500,000. if you can earn average of 11 percent on your savings, how old will you be when you retire? Please show calucations or formula, NOT exel formula

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_2

Step: 3

blur-text-image_step3

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

Health Care Budgeting And Financial Management

Health Care Budgeting And Financial Management

Authors: William J. Ward Jr.

2nd Edition

ISBN: 1440833052, 9781440833052

More Books

Students also viewed these Finance questions

Question

★★★★★
The concentration of glucose in your circulatory system is maintained near 5.0 mM by the actions of the pancreatic hormones glucagon and insulin. Glucose is imported into cells by protein...

Answered: 1 week ago

Question

★★★★★
True or false? a. Analysis by security analysts and investors helps keep markets efficient. b. Psychologists have found that, once people have suffered a loss, they are more relaxed about the...

Answered: 1 week ago

Question

★★★★★
=+c) If you use seasonal dummy variables, specify the dummy variables you would use.

Answered: 1 week ago

Question

★★★★★
The following data were selected from the records of Tunga Company for the year ended December 31, 2015: The company sells merchandise for cash and on open account with credit terms 2/ 10, n/ 30....

Answered: 1 week ago

Question

★★★★★
If a taxpayer's total tax liability is $4,000, taxable income is $20,000, and total economic income is $40,000, then the effective tax rate is 20 percent. true or false

Answered: 1 week ago

Question

★★★★★
please complete 1040 page2. I included page 1 with correct answers but I am struggling with page 2. Use 2020 tax tables thank you. Assume all taxpayers did NOT receive, sell, send, exchange, or...

Answered: 1 week ago

Question

★★★★★
The projectile of the .22LR cartridge fits a barrel with a nominal _________________-inch diameter bore, while the .223/5.56 is designed for a bore with the nominal diameter of .224

Answered: 1 week ago

Question

★★★★★
Greenfield Valley is a fertile agricultural region known for its high-quality crop production. However, the area has been facing significant soil erosion issues due to a combination of factors,...

Answered: 1 week ago

Question

★★★★★
Even though your authority is limited and there is little you can do right now to alter the physical environment, what can you do to improve safety?

Answered: 1 week ago

Question

★★★★★
Julio is a teller at the bank. He will be given the opportunity to work with new customers at the business development desk every Friday. Which job enrichment approach is Julio involved in? Job...

Answered: 1 week ago

Question

★★★★★
coefficients A variable n(t) is described by a first-order linear differential equation with constant dn(t) T +n(t) = n dt where 7 and no are constants. Let n(0) = no. a) Fort > 0, determine an...

Answered: 1 week ago

Question

★★★★★
Which research methodologies would be most effective? Judgmental assessment: personal experience or outside experts. Interviews with key people. Which people? Focus groups with representative...

Answered: 1 week ago

Question

★★★★★
Who will receive the final evaluation?

Answered: 1 week ago

Question

★★★★★
What standards of accuracy and reliability are needed for the evaluation?

Answered: 1 week ago

Previous QuestionNext Question