Logo
Question Details Normal
$ 15.00
Prin of Finance
  • From Business, Finance
  • Due on 10 Feb, 2018 12:00:00
  • Asked On 07 Feb, 2018 06:39:18
  • Due date has already passed, but you can still post solutions.
Question posted by
request

 

  • Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must.

    First, consider Lisa’s savings. She began working at age 20 and began making an annual contribution of $2,000 at the first of the year beginning with her first year. She makes 13 contributions. She worked until she was 32 and then left full time work to have children and be a stay at home mom. She left her IRA invested and plans to begin drawing from her IRA when she is 65.

    Bob started his IRA at age 32. The first 12 years of his working career, he used his discretionary income to buy a home, upgrade the family cars, take vacations, and pursue his golfing hobby. At age 32, he made his first $2,000 contribution to an IRA, and contributed $2,000 every year up until age 65, a total of 33 years / contributions. He plans to retire at age 65 and make withdrawals from his IRA.

    Both IRA accounts grow at a 7% annual rate. Do not consider any tax effect.
  • Write a two to three (2-3) paragraph summary in which you:
    • Create a chart summarizing the details of the investment for both Bob and Lisa.
    • Explain the results in terms of time value of money.

 

Available solutions
$ 15.00
Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000
  • This Solution has been Purchased 1 time
  • Average Rating for this solution is A+
  • Submitted On 08 Feb, 2018 07:11:41
Solution posted by
solution
Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must...
Buy now to view full solution.
$ 10.00
Prin of Finance
  • This solution has not purchased yet.
  • Submitted On 09 Feb, 2018 11:37:14
Solution posted by
solution
The answer is desc...
Buy now to view full solution.
$ 10.00
Bob and Lisa work
  • This solution has not purchased yet.
  • Submitted On 09 Feb, 2018 12:52:53
Solution posted by
solution
Name Finance 100 Home Work 2 Week 6 Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must. First, consider Lisa’s savings. She began working at age 20 and began making an annual contribution of $2,000 at the first of the year beginning with her first year. She makes 13 contributions. She worked until she was 32 and then left...
Buy now to view full solution.
$ 15.00
Bob and Lisa IRA accounts
  • This solution has not purchased yet.
  • Submitted On 09 Feb, 2018 10:05:50
Solution posted by
solution
This paper is a summary on Bob and Lisa’s IRA accounts. It explores all the aspects in handling of IRA accounts; from the first contribution to the last withdraw; as to what one should do ...
Buy now to view full solution.
$ 5.00
Principle of Finance_Bob and Lisa
  • This Solution has been Purchased 1 time
  • Average Rating for this solution is A+
  • Submitted On 10 Feb, 2018 01:13:36
Solution posted by
solution
In the following, the solut...
Buy now to view full solution.
closebutton
Only 45 characters allowed.
closebutton

$ 629.35