Copy of chap6_mid4_retirement_solution

Copy of chap6_mid4_retirement_solution - 13,000 $1,300...

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Retirement Planning - The Sooner, The Better Enter Retirement Parameters as Indicated Summary o Date plan began 1/1/2008 Projected Number of years to contribute 45 TRUE Account va Annual contribution $1,300 Total contribution Expected rate of return 8% Type of plan Roth IRA Percentage thr Date Contribution 1 1/1/2008 0 $1,300 1,300 2 2/1/2008 1,404 $1,300 2,600 2,920 $1,300 3,900 $1,300 5,200 $1,300 6,500 $1,300 7,800 $1,300 9,100 $1,300 10,400 $1,300 11,700 12/30/1899 $1,300
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Unformatted text preview: 13,000 $1,300 14,300 $1,300 15,600 $1,300 16,900 $1,300 18,200 $1,300 19,500 $1,300 20,800 $1,300 22,100 Contribution Number Value prior to contribution Total Invested Over Life of Plan r of Retirement Calculations d retirement date 1/1/2052 alue at retirement $542,654 n over life of plan $58,500 Investment Gain $484,154 rough investment 89% 104 1,404 320 2,920 Investment Gain Value at end of the year...
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Copy of chap6_mid4_retirement_solution - 13,000 $1,300...

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