Business, 11.05.2021 18:10 airrish

You know that paying yourself (by depositing money in a savings account is a prudent start to your retirement plan. You determined that, based on your other obligations, you can save $5,875.00 per year via an annual, single year-end deposit. Let's say that you are age 30 now, so your money will grow for the next 35 years until you reach age 65. You will open a savings account at the CitiBank branch near your home. Its savings accounts are paying 6% interest Future Value of Annuity Factors Year 2%, 3%, 5%, 6%, 8% 9%, 10% 10 0.950 11.460 2.578 13.180 15.190 15.937 4.487 21.384 12 13.412 4.190 16.870 18.977 20.140 15.917 15 7.293 8.600 21.578 23.270 27.152 29.360 31.772 20 24.297 26.870 33.066 36.780 45.762 51.160 57.274 73.105 84.700 98.346 47.726 25 32.030 36.460 54.860 7.570 66.438 79.060 13.282 36.300 164.491 30 40.567 90.318 11.430 172.314 215.700 271.018 35 49.994. 60.460 40 60.40 75.400 20.797 54.760 259.052 337.870 442.580 To calculate the value of this nest Annual savings egg, enter the data provided by Years over which it will grow entering the correct value in the Interest rate applicable entry field. Interest factor
What will be the value of this money in 35 years? (Note: Round to two decimal places
You began your savings program at age 30. If you had started five years earlier, such that your funds would grow for years, what would your nest egg be worth, assuming the same interest rate and annual savings amount? (Note: Round to two decimal places

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 00:50

Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?

Answers: 2

Answer

Business, 22.06.2019 06:30

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Answers: 3

Answer

Business, 22.06.2019 20:00

Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day

Answers: 1

Answer

Business, 22.06.2019 22:30

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.

Answers: 1

Answer

You know the right answer?

You know that paying yourself (by depositing money in a savings account is a prudent start to your r...

Questions