## Question

###### Assume you just opened a Roth IRA by investing a $10,000 lump sum into Vanguard's S&P...

Assume you just opened a Roth IRA by investing a $10,000 lump sum into Vanguard's S&P 500 Index mutual fund. You also plan to invest an additional $5000 per year into the Roth IRA at the end of each year for 37 years. How much will you have in your Roth IRA at the end of 37 years? Assume you can earn an 8% per year. (HINT: Set up your timeline of all cash flows.] $861,584 $1,009,437 $1,187,808 $1,223,709

How much would you have to invest today at 6% per year in order to have $500,000 in 20 years? $155.902.36 $46,591.88 $14,602.28 $910,639.65

You are considering buying a new car. The cost is $13,000. If you negotiate an annual interest rate of 10 percent and pay for the car over a 5-year period, what is your monthly car payments? $261.67 $276.21 $285.78 $301.76

## Answers

1)

Hence, correct option is $1,187,808

*Please rate thumbs upFunction Arguments FV Rate 8% 0.08 Nper 37 37 Pmt -5000 -5000 Pv -10000 -10000 Type 1187807.855 Returns the future value of an investment based on periodic, constant payments and a constant interest rate. Type is a value representing the timing of payment: payment at the beginning of the period = 1; payment at the end of the period = 0 or omitted. Formula result = $1,187,808 Help on this function Cancel Ок

#### Similar Solved Questions

1 answers

##### If three bags of birdseed cost $14.16, how much will 14 bags cost?

If three bags of birdseed cost $14.16, how much will 14 bags cost?...

1 answers

##### Check my we Exercise 02-13 Adjusting factory overhead LO P4 148 points The following information is...

Check my we Exercise 02-13 Adjusting factory overhead LO P4 148 points The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system April 30 May 31 $ $43,000 10.200 63.000 52.000 21.300 35,600 Inventories Raw materia...

1 answers

##### How many moles of photon with a wavelength of 1000.0nm would it take to raise the...

How many moles of photon with a wavelength of 1000.0nm would it take to raise the temperature of 100.0 grams of water from 25 Degree Celsius to 30 Degree Celsius?...

1 answers

##### At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The...

At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated. The machines immediately were overhauled, were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Machine A Machine B Machine C ...

1 answers

##### Ble of Contents fde/Show Time Remaining art 1 of 1 - uestion 10 of 40 5...

ble of Contents fde/Show Time Remaining art 1 of 1 - uestion 10 of 40 5 Points Phich of the following is true of ownership changes in a partnership? .。A. Admitting a new partner does not change the core structure of the old partnership. ·O B. The purchase of an existing partner's i...

1 answers

##### 4. [2pt] Select ALL the correct definitions of the wavelength of a standing wave. E.g., if...

4. [2pt] Select ALL the correct definitions of the wavelength of a standing wave. E.g., if A and B are true and the rest are false, enter AB. The distance along the standing wave (in the direction of propagation) between repetitions of the wave shape. The distance along the standing wave (in the dir...

1 answers

##### The bird-in-hand hypothesis suggest that firms choicing to pay hiigher current dividends will enjoy higher stock...

The bird-in-hand hypothesis suggest that firms choicing to pay hiigher current dividends will enjoy higher stock prices because shareholders prefer current dividends to future ones. M&Ms response to the bird-in-hand hypothesis suggested that with perfectly priced capital markets, shareholders ca...

1 answers

##### When carbon dioxide is passed through lime water, it turns milky. Why?

When carbon dioxide is passed through lime water, it turns milky. Why?...

1 answers

##### C Programming Take screenshot of compiled output once complete. (which should look similar to the sample...

C Programming Take screenshot of compiled output once complete. (which should look similar to the sample one provided). Will rate positively. Problem: (1) Add PopTailSLL() as a new member function to the SLL abstract data type. “Unlink” the logically-last node (tail) from the list *sll, ...

1 answers

##### 2. Southeastern Bell's basic cellular phone plan cost $19 for the first 15 (or fewer) minutes...

2. Southeastern Bell's basic cellular phone plan cost $19 for the first 15 (or fewer) minutes each month and 55 cents for each additional minute. Bell North has a plan that charges $30 for the first 30 (or fewer) minutes each month and 39 cents for each additional minute. Under what conditions i...

1 answers

##### 0/1 POINTS PREVIOUS ANSWERS SPRECALC7 4.5.092. MY NOTES ASK YOUR TEACHER Nancy wants to invest $3000...

0/1 POINTS PREVIOUS ANSWERS SPRECALC7 4.5.092. MY NOTES ASK YOUR TEACHER Nancy wants to invest $3000 in saving certificates that bear an interest rate of 7.75% per year, compounded semiannually. How long a time period should she choose to save an amount of $4000? (Round your answer to two decimal pl...

1 answers

##### Calculate the equilibrium partial pressure of PCl3

PCl3 + Cl2 = PCl5 (equilibrium)Kp = 0.0870 at 300 degrees0.50 atm PCl30.50 atm Cl20.20 atm PCl5...

1 answers

##### X=3 Question 3. A crank shaft mechanism is shown in Figure 3. Link B is rotating...

x=3 Question 3. A crank shaft mechanism is shown in Figure 3. Link B is rotating with a constant angular velocity wgåg in the fixed reference frame A as shown in the figure. For this mechanism: (a) Using the vector kinematic equations and methods taught in this [20 marks) module, obtain the ex...

1 answers

##### SET Took None Small=0.0001 SUGRY=Hone THREADS AUTO TriBoth DIGITGROUPING NO LEADEROS TABLERENDER=light. T-TEST GROUPS-sex(12) /MISSINGEANALYSIS /...

SET Took None Small=0.0001 SUGRY=Hone THREADS AUTO TriBoth DIGITGROUPING NO LEADEROS TABLERENDER=light. T-TEST GROUPS-sex(12) /MISSINGEANALYSIS / VARIABLES-hral CRITERIA CI(.95). T-Test [DataSetl] E:\TEACHING\00304\2012_GSS Data setsav Group Statistics RESPONDENTS SEX MALE Std Dewi NUMBER OF HOURS W...

1 answers

##### 5. Suppose L is a unit-lower-triangular matrix. (a) What can you say about the reduced row...

5. Suppose L is a unit-lower-triangular matrix. (a) What can you say about the reduced row echelon form R of L? Be as specific as possible. (b) If you perform the elementary row operations on I that are used to transform L to R, what matrix do you get? Write your answer in terms of I, R, and/or L an...

1 answers

##### Item 8: Question ou may change your response by submitting again. ssign an R/S designation to...

Item 8: Question ou may change your response by submitting again. ssign an R/S designation to each of the molecules below. CIHẠC C HOBROCI A- A=S, B=s O ARBS Resubmit Resubmit and Next : Mark this question for later review. Skip to Previous Skip to Next...

1 answers

##### Suppose that the distribution of IQ scores (X) of a group of school children follows the...

Suppose that the distribution of IQ scores (X) of a group of school children follows the normal distribution of with an unknown mean and an standard deviation z. A random sample of n=16 children from this population resulted in sample mean x=105 and sample standard deviation S=16. The Kolmogrov-Rao-...

1 answers

##### [5pt] A test consists of 20 multiple choice problems, each with 5 choices. What is the...

[5pt] A test consists of 20 multiple choice problems, each with 5 choices. What is the probability of a student being correct 14 or more by guessing? Use the normal distribution to approximate the desired probability.?...

1 answers

##### -1 -2 -3 -4 -5 -6 7 8 9 10 11 12 A Ferris wheel at...

-1 -2 -3 -4 -5 -6 7 8 9 10 11 12 A Ferris wheel at a carnival has a radius of 35 feet. Suppose a passenger is traveling at 7 miles per hour. (A useful fact: 1 mi = 5280 f.) (a) Find the angular speed of the wheel in radians per minute. (b) Find the number of revolutions the wheel makes per hour. (As...