Business College

You are graduating from college at the end of this semester and have decided to invest ​$ at the end of each year into a Roth IRA​ (a retirement investment account that grows tax free and is not taxed when it is​ liquidated) for the next years. If you earn percent compounded annually on your investment of ​$ at the end of each​ year, how much will you have when you retire in ​years? How much will you have if you wait 10 years before beginning to save and only make payments into your retirement​ account?

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Answer 1

Answer:

the numbers are missing, so I looked for similar questions:

You are graduating from college at the end of this semester and have decided to invest $5,000 at the end of each year into a Roth IRA, (which is a retirement investment account that grows tax free and is not taxed when it is liquidated) for the next 45 years. If you earn 8 percent compounded annually on your investment of $5,000 at the end of each year, how much will you have when you retire in 45 years? How much will you have if you wait 10 years before beginning to save and only make 35 payments into your retirement account?

We have to determine the future value of an annuity:

FV = annual contribution x FV annuity factor

annual contribution = $5,000

FV annuity factor, 45 periods, 8% = 386.50562

FV = $5,000 x 386.505662 = $1,932.528

if you wait 10 years before starting to save, then the future value will be:

FV = annual contribution x FV annuity factor

annual contribution = $5,000

FV annuity factor, 45 periods, 8% = 172.3168

FV = $5,000 x 172.3168 = $861,584

Related Questions

Will mark brainly
Martha runs a small travel and tourism business. She, along with her staff, organizes vacations for her clients. Recently, Martha opened a new branch of her business in a different city. She has decided to print new brochures and catalogs that give information about her business. She also plans to mail these brochures to various homes in a location that attracts customers. Which type of promotion does Martha plan to use?
A.
sales promotion
B.
direct marketing
C.
personal selling
D.
advertising
E.
public relations

Answers

Answer:

c

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Answer:

B - Direct Marketing

Explanation:

1. Plato

2. personal selling is meeting face to face. Direct marketing does not invlove interaction with customers. (:

Why are craftsman likely to produce fewer goods than modern manufacturers produce?
They do less intensive labor than manufacturing.
They are not organized into uniorhs
They are considered unskilled laborers.
They do more intensive labor than manufacturing
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Answer:

They do more intensive labor than manufacturing.

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I see you copy and pasting from ignitia

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