1 answer

You are trying to plan for retirement in 20 years and currently you have $50,000 in...

Question:

You are trying to plan for retirement in 20 years and currently you have $50,000 in a savings account and $80,000 in stocks. In addition, you plan to add to your savings by depositing $10,000 per year in your savings account at the end of each of the next 20 years, until retirement. Assume that your savings account returns 5% compounded annually and your investment in stocks will return 10% compounded annually, how much do you have at the end of 20 years? (Ignore taxes)


Answers

1 Savings 2 Annual depostit 3 Period 4 Rate of return 50000 10000 20 5% 463324.43 7 Stocks 8 Period 9 Rate of return 10 FV 801 Savings 2 Annual depostit 3 Period 4 Rate of return 50000 10000 20 0.05 -FV(B4,B3,-B2,-B1) 7 Stocks 8 Period 9 Rate of return 10 FV 80000 20 0.1 -B7*(1+B9)AB8 -SUM(B10, B5) 12 FV 13 16

.

Similar Solved Questions

1 answer
When assessing respiration what does the nurse assess
when assessing respiration what does the nurse assess...
1 answer
Problem 2-3 (Algo) Adjusting entries [LO2-6] Pastina Company sells various types of pasta to grocery chains...
Problem 2-3 (Algo) Adjusting entries [LO2-6] Pastina Company sells various types of pasta to grocery chains as private label brands. The company’s reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 33,...
5 answers
What are the differences among primary, secondary, and clustering indexes? Howdo these differences affect the ways in which these indexes are implemented?Which of the indexes are dense, and which are not?
What are the differences among primary, secondary, and clustering indexes? How do these differences affect the ways in which these indexes are implemented? Which of the indexes are dense, and which are not?...
5 answers
Which of the following statements are ALWAYS true? Select all that apply (Note: All functions in this question are differentiable:)Yanitiniz:1 XarcsinvR+6dxs 1If f'(x) > g'(x) for all x on (9.5,10) then f(x)dx > g(x)dx 9.5 9.56x _ C( cosv x18 + ] dx=0 Inv 7+l dx - 5 Inv X+l dx = f Invx? + 1 dx. +lo9.3 flx)xzosinx If f(x) is even, then dx =0 ~9.3 1+x1zIf f is odd andf(x)dx =f(x)dx =2.3,thenf(x)dx2.3
Which of the following statements are ALWAYS true? Select all that apply (Note: All functions in this question are differentiable:) Yanitiniz: 1 XarcsinvR+6dxs 1 If f'(x) > g'(x) for all x on (9.5,10) then f(x)dx > g(x)dx 9.5 9.5 6x _ C( cosv x18 + ] dx=0 Inv 7+l dx - 5 Inv X+l dx = ...
1 answer
Let X be a random variable with the following probability distribution: value x of X P...
Let X be a random variable with the following probability distribution: value x of X P (X= x) 40 50 60 70 80 90 0.10 0.15 0.40 0.20 0.05 0.10 Find the expectation E (X) and variance Var(X) of X. (If necessary, consult a list of formulas.) Var(x)-...
5 answers
5 . In this problem we show thatdx = Vt_Definedx and explain why Iis also equaltoe~v dy(6) Explain how You know that [ IS a finite number. This is a Calculus II type problem: Explain why [ = Lc -62+17) dxdy: Switch to polar coordlinates and compute [2 and hence findd
5 . In this problem we show that dx = Vt_ Define dx and explain why Iis also equalto e~v dy (6) Explain how You know that [ IS a finite number. This is a Calculus II type problem: Explain why [ = Lc -62+17) dxdy: Switch to polar coordlinates and compute [2 and hence findd...
1 answer
You're considering investing $1000 into a savings account at one of two possible banks. You'll leave...
You're considering investing $1000 into a savings account at one of two possible banks. You'll leave the money invested for 2 years. The first bank (Bank A) is advertising a rate of 3% APR with monthly compounding. Unfortunately, Bank B hasn't washed their windows lately, and all you can...
5 answers
T/2dx sin €(d)dx(e)%/xconsider 1 212dx(f) 6' I+32
T/2 dx sin € (d) dx (e) %/x consider 1 212 dx (f) 6' I+32...
1 answer
Q 5. Write the following partial function f: Z4 → Z4 in table form. f =...
Q 5. Write the following partial function f: Z4 → Z4 in table form. f = {(0,1), (1, 1), (2, 1), (3, 1)} Is f a total function? Explain why or why not....
1 answer
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following...
Contribution Margin and Contribution Margin Ratio For a recent year, Wicker Company-owned restaurants had the following sales and expenses (in millions): Sales $38,700 Food and packaging $11,180 Payroll 9,800 Occupancy (rent, depreciation, etc.) 10,960 General, selling, and administrative expenses 5...
5 answers
SynthesisNumerical Relationship. Find two numbers whose product is 2 and the sum of whose reciprocals is $ rac{33}{8}$.
Synthesis Numerical Relationship. Find two numbers whose product is 2 and the sum of whose reciprocals is $\frac{33}{8}$....
1 answer
The standard deviation of the market-index portfolio is 20%. Stock A has a beta of 2.80...
The standard deviation of the market-index portfolio is 20%. Stock A has a beta of 2.80 and a residual standard deviation of 30%. a. Calculate the total variance for an increase of 0.25 in its beta. (Do not round intermediate calculations. Round your answer to the nearest whole number.) b. Calculate...
5 answers
A relation on a set S is said to be circular if whenever €,y,2 € S such that c ~ y and y ~ 2, then 2 ~ %. Prove that a relation on a set S is an equivalence relation if and only if ~ is reflexive and circular.
A relation on a set S is said to be circular if whenever €,y,2 € S such that c ~ y and y ~ 2, then 2 ~ %. Prove that a relation on a set S is an equivalence relation if and only if ~ is reflexive and circular....
5 answers
3) A standard die is rolled three times: What is the probability that it shows a 5 on every roll? [2 Three girls and two boys are planning to meet for a party: What is the probability that arrive are the the first two to boys? [2
3) A standard die is rolled three times: What is the probability that it shows a 5 on every roll? [2 Three girls and two boys are planning to meet for a party: What is the probability that arrive are the the first two to boys? [2...
5 answers
Is the subject line "Improving Customer Service" appropriate in a message to superiors
Is the subject line "Improving Customer Service" appropriate in a message to superiors?a. Yes, because it focuses on solving the problem.b. No, because the word "service" makes the subject line seem negative.c. No, because the boss is likely to think that you caused the problem.d. Ye...
5 answers
Draw a line angle formula forCH3C(Br)2CH2(CHCH)2CH(CH3)2
Draw a line angle formula for CH3C(Br)2CH2(CHCH)2CH(CH3)2...
5 answers
Let the line PQ pass through the points P = (3,8,4) and Q = (2,2)The line will pass through the points X = (€, y, 2) , where € (Express €, Y, as functions of variable t)Question Help:VideoWritten ExampleSubmit All Parts
Let the line PQ pass through the points P = (3, 8,4) and Q = (2, 2) The line will pass through the points X = (€, y, 2) , where € (Express €, Y, as functions of variable t) Question Help: Video Written Example Submit All Parts...
5 answers
1 1 L 1 48 & [ L 1 988 1 1 1 5 ? = 1 1 182[]811
1 1 L 1 48 & [ L 1 988 1 1 1 5 ? = 1 1 182[ ] 8 1 1...
1 answer
1.0 uF 2.0 uF Consider the combination of capacitors shown in the diagram at right. Calculate...
1.0 uF 2.0 uF Consider the combination of capacitors shown in the diagram at right. Calculate the equivalent capacitance, and the voltage across each capacitor when the combination is connected to a 15 V battery. [2 marks] 1.0 uF...
5 answers
Part 2 (1 point)FeedbackSee HintIf you have 178.1 mL ofa 1,285 Msolution of sodium hydroxlde; how many mL ora0.350 solution of sulfuric acId do You need In Ordcr to neutralize it?
Part 2 (1 point) Feedback See Hint If you have 178.1 mL ofa 1,285 Msolution of sodium hydroxlde; how many mL ora0.350 solution of sulfuric acId do You need In Ordcr to neutralize it?...
5 answers
What are expressed sequence tags (ESTs) used in genomic analysesWhole genomic DNA sequencesPromoter clonesPartial cDNA sequencesSplice-site consensus sequences
What are expressed sequence tags (ESTs) used in genomic analyses Whole genomic DNA sequences Promoter clones Partial cDNA sequences Splice-site consensus sequences...
1 answer
Ajob cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR Job Cost Sheet...
Ajob cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor 2,500 7/2 7/31 Manufacturing Overhead 800 900 Date 7/10 12 15 22 24 27 31 500 400 625 500 1,675 1,550 700 875 Cos...
1 answer
The 2017 balance sheet of Dream, Inc., showed current assets of $4,515 and current liabilities of...
The 2017 balance sheet of Dream, Inc., showed current assets of $4,515 and current liabilities of $3,005. The 2018 balance sheet showed current assets of $2,990 and current liabilities of $1,590. What was the company’s 2018 change in net working capital, or NWC? (Do not round intermedi...
1 answer
Please answer all questions 1-8 Question 1 Not complete Marked out of 1 Flag question FADH2...
Please answer all questions 1-8 Question 1 Not complete Marked out of 1 Flag question FADH2 enters the electron transport chain by donating electrons to coenzyme Q (Q in the figure above) Would the ATP yield byFADH2 be expected to be higher or lower than NADH? Select one: O a. Higher b. Lower ...
1 answer
Use reference angles to find $\sin \theta, \cos \theta, \tan \theta, \csc \theta, \sec \theta,$ and $\cot \theta$ for each given angle $\theta$. $$ 2 \pi / 3 $$
Use reference angles to find $\sin \theta, \cos \theta, \tan \theta, \csc \theta, \sec \theta,$ and $\cot \theta$ for each given angle $\theta$. $$ 2 \pi / 3 $$...
5 answers
Thermochemistry Is the study ofhow chemical reactions.is produced and consumed duringtemperatureworkkinetic energyenergypotential energy
Thermochemistry Is the study ofhow chemical reactions. is produced and consumed during temperature work kinetic energy energy potential energy...
1 answer
Your new team for Health Care, Inc may consist of team members from different locations. Construct...
Your new team for Health Care, Inc may consist of team members from different locations. Construct a plan that ensures a virtual team's performance will meet the team's goals. Your plan should consider the following: Time frame Communication methods Communication style How to deal with indiv...
5 answers
( 45136, (--)} X<? 4 Re)~ 2 -X*>
( 45136, (--)} X<? 4 Re)~ 2 -X*>...
1 answer
The government raises the sales tax on shirts. The tax is imposed on sellers. As a...
The government raises the sales tax on shirts. The tax is imposed on sellers. As a result, the demand curve for shirts becomes horizontal. supply curve of shirts shifts leftward. demand curve for shirts becomes vertical. supply curve of shirts shifts rightward....
1 answer
A 0.5 cm diameter, 50 cm long horizontal tube is connected to a beaker containing n-butyl...
A 0.5 cm diameter, 50 cm long horizontal tube is connected to a beaker containing n-butyl alcohol with the orifice located 10 cm below the surface. Alcohol (70F) exists from the tube and drops into another container. Predict the volumetric flow rate for this system. what is the error if the Bernoull...
1 answer
Questions 9 and 12 are based on the following regression: Suppose the estimation of the following...
Questions 9 and 12 are based on the following regression: Suppose the estimation of the following wage model: wage-1A+Anorehite + ßacity + β'no"white . city + β,nonwhite . educ + where nonwhite indicates being a non-white person, city indicates living in city/urban area, and ...

-- 0.024121--