subject
Business, 07.04.2020 22:30 keke6361

Joan quit her job at GM when she was 35 years old. Her friend, who is a financial advisor, recommended that she leave her 401(k) retirement savings in GM’s retirement plan rather than withdrawing or transferring the money to a new plan. Her friend said that, on average, Joan could expect a 6% increase per year if she left her money in the plan for many years, based on the past performance of GM’s plan. Joan will not be able to add more money to the GM 401(k) account, but can open a new one at her new job. A. Create a model for the amount of money Joan will have in her 401(k) after any number of years. Use A for the accumulated amount of money, t for the number of years, and P for the amount of money in the plan when she quit, which is called the principal. B. What percent of the principal will Joan have if she leaves the money in the account for the 32 years until she retires? What percent increase does this represent? Round each answer to the nearest hundredth of a percent. C. If Joan's original principal was $20,300 how much would be in the account when she retires?D. Approximately how many years will it take the principal to double? How long to quadruple?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 07:20
Suppose that real interest rates increase across europe. this development will u.s. net capital outflow at all u.s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.
Answers: 1
question
Business, 22.06.2019 15:40
Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.
Answers: 1
question
Business, 22.06.2019 17:50
Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not
Answers: 1
question
Business, 22.06.2019 20:00
Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. this increased level of is leading to increased emphasis on management.
Answers: 2
You know the right answer?
Joan quit her job at GM when she was 35 years old. Her friend, who is a financial advisor, recommend...
Questions
question
Mathematics, 02.10.2020 14:01
Questions on the website: 13722363