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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.
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  • 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.

 

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[Solved] Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000

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  • Submitted On 08 Feb, 2018 07:11:41
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Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must...
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[Solved] Prin of Finance

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  • Submitted On 09 Feb, 2018 11:37:14
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The answer is desc...
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[Solved] Bob and Lisa work

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  • Submitted On 09 Feb, 2018 12:52:53
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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...
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[Solved] Bob and Lisa IRA accounts

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  • Submitted On 09 Feb, 2018 10:05:50
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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 ...
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[Solved] Principle of Finance_Bob and Lisa

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  • Submitted On 10 Feb, 2018 01:13:36
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In the following, the solut...
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