You have just made your first $5,600 contribution to your individual retirement account. Assume you earn a 10.35 percent rate of return and make no additional contributions. Requirement 1: What will your account be worth when you retire in 35 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount Requirement 2: What if you wait 10 years before contributing? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Q: When do the funds earn interest at the MARR?

A: The MARR (Minimum Acceptable Rate of Return), generally referred to as hurdle rate is the lowest or…

Q: What is interest coverage ratio?

A: The interest coverage ratio is the ratio which shows the ability of the company to pay the interest…

Q: am. 102.

A: APR stands for a) Annual Percentage Rate.

Q: None

A: BOP (Balance of Payment) - The balance of payments (BOP) is the method countries use to monitor all…

Q: Why is the net income .90

A: Lets understand the basics. Cashflow statement are divided into three type of activities which are,…

Q: What does the annuity factor indicate?

A: Annuity factor It indicates the discounted factor’s sum for all the n maturities when all n…

Q: Define the term the annuity factor?

A: An annuity factor is financial value that, when multiplied by a periodic amount, then it shows the…

Q: What is a mathematical term that is on display when using the fractional reserve?

A: Fractional reserve banking is defined as the system, where the fraction of the bank deposits that…

Q: what give rises to the changes in the balance of planned assets? A- cash contributions B- cash paid…

A: Plan assets are long term investment fund  held for employee benefits. And only purpose of paying…

Q: The common characteristic possessed by all assets is Oa. Great monetary value Ob. Tangible nature…

A: Assets are resources or items that have value and can be owned, controlled, or utilized to generate…

Q: How did you calculate the all items excluding interest?

A: Cash budget represents the outflow and inflow of cash and takes into consideration the beginning…

Employer Pension Plan

An employer pension plan is a retirement benefit provided by an employer to employees before or after they retire. Over the course of the employees' working lives, the employer should invest a lump sum or make monthly contributions to investment schemes in employees' names. It is the employer's legal responsibility to provide employees with retirement plans that support them with guaranteed financial security in retirement.