You have just started a new job and one of the fringe, Ask an Expert

Economics

You have just started a new job and one of the fringe benefits is a company contribution of $5,000 every year into a retirement savings account. Assuming the contribution amounts remain unchanged and that the account earns an average of 8% per year, which of the following is closest to the amount you will have accumulated in the account after working for the company for 25 years?

A) $125,500

B) $365,000

C) $540,000

D) $680,000

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720547

Have any Question?Write your Review or question?

Related Questions in Business Economics

How do you calculate the annual interest rate of 12

How do you calculate the annual interest rate of 12% compounded monthly. I know how to do for annually but not monthly. You are offered the opportunity to put some money away for retirement. You will receive 10 annual pa ...

Define the international fisher effect and explain the fact

Define the international Fisher Effect and explain the fact of how it occurs. Is there any deviation from it?

Assume that jimmy cash has 2100 in his checking account at

Assume that Jimmy Cash has $2,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $210 of cash from the bank's ATM machine. By what dollar amount did the M money supply change as a r ...

A bag contains 15 red marbles and 13 blue marbles two

A bag contains 15 red marbles and 13 blue marbles. Two marbles are randomly drawn without replacement. Find the probability that both marbles are red.

A market researcher wishes to determine the proportion of

A market researcher wishes to determine the proportion of American women who shop online. The results must be accurate at the 90% level of confidence with a maximum error of 2%. Calculate the minimum sample size needed t ...

Assignment cultureimagine you work for a company that has

Assignment: Culture Imagine you work for a company that has recently merged with a global company. Write a brief introduction to your company as well as the company that merged with the company . Then develop an eight to ...

1 what are the modern firm-based international trade

1. What are the modern, firm-based international trade theories? 2. Describe how a business may use the trade theories to develop its business strategies. Use Porter's four determinants in your explanation. 3. What is th ...

Some farm land is more productive than other land in the

Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...

A firm is considering the two mutually exclusive

A firm is considering the two mutually exclusive investments projects. Project Alpha requires an initial outlay of $600 and will return $160 per year for the next seven years; Project Beta requires an initial outlay of $ ...

A study indicates that the weights of adults are normally

A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs. Find a value of weight x such that only 20% of adults weigh less than that. A. 136 B.190 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert