If you put $5,790.42 into your 401(K) account that earns 7.5% interest annually, how much will be in your account after 45 years?
If you put $5,790.42 into your 401(K) account that earns 7.5% interest annually, how much will...
You and your spouse are considering opening a 401(k) account for retirement income. How much will be accumulated for retirement if $5,000 is deposited at the end of each year and the account earns 6% interest compounded annually for 30 years? please show input in the Financial calculator.
(1 point) a) How much will you have in an account after 25 years if you put $1200 per month in the account earns 4% compounded monthly? Answer $ b) How much will you have after 25 years if you put $1200 per month in the account that instead earns 5% compounded monthly? Answer $ (1 point) a) How much will you have in an account after 25 years if you put $1200 per month in the account earns 4%...
2) An individual contributes $400 per month to a 401(k) retirement account. The account earns interest at a nominal annual interest rate of 6% (APRs 696) with interest being credited yearly, what is the value of the account after 40 years (to the nearest 1,000)? a) $736,000 b) $743,000 c) $797,000 d) $918,000
Your employer provides a 401(k) plan with a matching contribution of 7% of your salary if you put in at least 5% of your salary. If your monthly salary is $2250 and you contribute just enough to get the match, then how much money will be added to your account in total over one year? Your Answer: Your employer provides a 401(k) plan with a matching contribution of 7% of your salary if you put in at least 5% of...
If you put $6,000 in a saving account that pays interest at the rate of 3% compounded annually, how much will you have in 5 years? (Hint: Use the future value formula.) How much interest will you earn during the 5-year period? If you put $6,000 each year into a savings account that pays interest at a rate of 4% a year, how much would you have after 5 years? Please explain your answers
you have $300,000 saved for retirement. your account earns 7.8% interest. How much will you be able to pull out each month if you want to be able to take withdrawals for 25 years?
You have $300,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?
You have $400,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
You have $300,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?
You have $500,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?