Solved: Pascal has just agreed with his financial planner to begin, Mathematics

+44 141 628 6080
[email protected]

--%>

Pascal has just agreed with his financial planner to begin

Pascal has just agreed with his financial planner to begin a voluntary accumulation plan. He will invest $500 at the end of every threemonths in a balanced mutual fund.

a. How much will the plan be worth after 20 years if the mutual fundearns 8% compounded quarterly?

b. If Pascal does not make any more quarterly payments but leavesthe money in the fund for another 30 years, how much will he haveaccumulated at the end of 50 years, assuming the interest rate doesnot change?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Mathematics: Pascal has just agreed with his financial planner to begin

Reference No:- TGS01714530

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Mathematics

Q : Apart from official gdp statistics what other information

1 apart from official gdp statistics what other information might suggest that an eco-nomy is heading towards a

Q : Suppose that ken-z art gallery has annual sales of 892000

suppose that ken-z art gallery has annual sales of 892000 cost of goods sold of 582000 average inventories of 168000

Q : Define the aspects of security that were involved use

module- information security - deliverableidentifying and analyzing security threatsobjective use

Q : How do a firms leaders views on csr affect strategic plans

discuss what if any programs or policies pertaining to corporate social responsibility csr exist at your assigned

Q : Pascal has just agreed with his financial planner to begin

pascal has just agreed with his financial planner to begin a voluntary accumulation plan he will invest 500 at the end

Q : Explain why national income accounts systematically

1 describe briefly the methods of measuring national income2 explain why national income accounts systematically

Q : Veggie burgers inc would like to maintain its cash account

veggie burgers inc would like to maintain its cash account at a minimum level of 264000 but expects the standard

Q : Distinguish between policy targets policy instruments and

1 explain the shape of the production possibility curve2 what role can government play in the macro economy3

Q : Assuming an inflation rate of 27 in approximately what year

assuming an inflation rate of 27 in approximately what year should we expect the average price of goods to be quadruple

1942815

Questions
Asked

3,689

Active Tutors

1425034

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Problem about woman presents for evaluation of a lump

A 32-year-old woman presents for evaluation of a lump that she noticed in her right breast on self-examination.

Why should we oppose same-sex marriage

Christians are called to show compassion and understanding; if it will bring happiness to homosexuals, why should we oppose same-sex marriage?

How integrity complement the rybacki and rybacki text

In what ways does his definition using integrity complement the Rybacki and Rybacki text?

Identify two concepts from any of your chapters

Your reaction paper will be based on one of the options listed below. The goal is to identify two concepts from any of the first four chapters

Experiencing significant personal and financial difficulties

Pretend you are a human services professional working with a client named Alex, who is experiencing significant personal and financial difficulties.

Problem concerning benefits of exercise

Summarize what you learned from any one of the videos in the "Additional Video resources" from any of the chapters in this class.

Discussion about physical and psychological health

Write a brief summary of the most interesting or valuable things that you have learned in this class (health psychology)