Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 6 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Oct 2017 My Price 6.00

annual return

You plan to deposit $2,400 per year for 4 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today.

What amount will be in your account at the end of 4 years? Round your answer to the nearest cent. Do not round intermediate calculations.
$  

Assume that your deposits will begin today. What amount will be in your account after 4 years? Round your answer to the nearest cent. Do not round intermediate calculations.
$  

Quantitative Problem 2: You and your wife are making plans for retirement. You plan on living 25 years after you retire and would like to have $80,000 annually on which to live. Your first withdrawal will be made one year after you retire and you anticipate that your retirement account will earn 10% annually.

What amount do you need in your retirement account the day you retire? Round your answer to the nearest cent. Do not round intermediate calculations.
$  

Assume that your first withdrawal will be made the day you retire. Under this assumption, what amount do you now need in your retirement account the day you retire? Round your answer to the nearest cent. Do not round intermediate calculations.

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Oct 2017 12:10 PM My Price 6.00

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