Case 7 Better Late Than Never

4075 words - 17 pages
Case 7: Its better late than never!

1. What was Ryan’s starting salary? How much could he have contributed to the voluntary savings plan in his first year of employment?

RATE

NPR

FV

PV

YEARCONTRIBUTION TO SAVINGS PLAN

.05170,00066,6675th$7,333

.05270,00063,4924th$6,984

.05370,00060,4693rd$6,651

.05470,00057,8492nd$6,363

.05570,00054,8471st$6,033

Ryan’s first year salary at this company was $54,847 and he could have contributed $6,033 in his first year of employment. These were found by using the present value formula for all five years.

2. Had Ryan taken advantage of the company’s voluntary retirement plan up to the maximum, every year for the past five years, how much money would he currently have accumulated in his retirement account, assuming a nominal rate of return of 7%? How much more would his investment value have been worth had he opted for a higher risk alternative (i.e. 100% in common stocks), which was expected to yield an average compound rate of return of 12% (A.P.R.)?

YEAR

SALARIES

CONTRIBUTIONCONTRIBUTION TO SAVINGS PLAN

5th66,667x11% =$6,033

4th63,492x11%=$6,363

3rd60,469x11%=$6,651

2nd57,849x11%=$6,984

1st54,847x11%=$7,333

Total$33,364

FV Formula

Rate: .07 NPER: 5 PMT: 0 PV: -33364

Current accumulated in retirement account= $46,794

$46,794- $33,364= $13,430

FV Formula

Rate: .12 NPER: 5 PMT: 0 PV: -33364

Net worth of average retirement account= $58,798

If Ryan had take advantage of the retirement plan, he would currently have accumulated $13,430 assuming at rate of return of 7%. Assuming a rate of 12%, he would have been worth $58,798.

4. How m ...

Read More

Similar Essays

Swot Analysis

163422 words - 654 pages

2 A brief overview of the classical linear regression model Learning Outcomes In this chapt, er ou wil learn who ot y ? eDriv the OLS formulae for timating paraersmt and their es andadr eros ts ? pani the aelb ppresit tat a dog arot udl xE l rised or h mit se ohs haev ? us the fasrotc tat afftce the zse of aadr erso csiD h is ts dn ? tes T ypothes using the tes of sign h cance and con denc al appacseh vre tni or ? pter re tnI p ause vl ? aet gernois sledom adn tes elgnis ptoseh ni mit sE yh sw eiVE 2.1 What is a regression model?

View Document

Modern English Grammar And Usage

117622 words - 471 pages

For Senior Courses of the Foreign Language Faculties in Universities and Teachers' Training Colleges FOREWORD The book is designed for the students of the senior courses of the University faculties of foreign languages and Teachers' Training Colleges. The aim of the book is therefore to lead the students to a scientific understanding of new assumptions and views of language as system, keeping abreast of the latest findings set forth in the progressive development of grammatical theory by Soviet and foreign scholars in recent times. The central interest in functional semantic correlation

View Document

The Art Of Public Speaking

167444 words - 670 pages

CHAPTER I CHAPTER II CHAPTER III CHAPTER IV CHAPTER V CHAPTER VI CHAPTER VII CHAPTER VIII CHAPTER IX CHAPTER X CHAPTER XI CHAPTER XII CHAPTER XIII CHAPTER XIV CHAPTER XV CHAPTER XVI Chapter XVIII CHAPTER XVII CHAPTER XVIII CHAPTER XIX CHAPTER XX CHAPTER XXI CHAPTER XXII CHAPTER XXIII CHAPTER XXIV CHAPTER XXV CHAPTER XXVI CHAPTER XXVII CHAPTER XXVIII CHAPTER XXIX CHAPTER XXX CHAPTER XXXI Part III, Annual Report of the Secretary of Internal   The Art of Public Speaking by Dale Carnagey (AKA Dale Carnegie) and J. Berg Esen

View Document

Related Essays on Case 7 Better Late Than Never

  • Deception

    148284 words - 594 pages

    Praise for the novels of Dan Brown DECEPTION POINT “[DECEPTION POINT has] enough twists and surprises to keep even the most seasoned readers guessing.” —Vince Flynn, New York Times bestselling author of Separation of Power “Dan Brown handles the intrigue and action well…his research is impeccable.” —Daily News (New York) “A taut, fast-paced, barn-burner of a book. There are no weaknesses in the story or storytelling.” —St. Petersburg Times “Brown is among the most intelligent and dynamic of authors in the thriller genre. In this dazzling high-tech adventure, he has skillfully blended his o

    View Document

    My Antonia

    83413 words - 334 pages

    INTRODUCTION TO CARRIE AND IRENE MINER In memory of affections old and true Optima dies ... prima fugit VIRGIL LAST summer I happened to be crossing the plains of Iowa in a season of intense heat, and it was my good fortune to have for a traveling companion James Quayle Burden--Jim Burden, as we still call him in the West. He and I are old friends--we grew up together in the same Nebraska town--and we had much to say to each other. While the train flashed through never-ending miles of ripe wheat, by country towns and bright-flowered pastures and oak groves wilting in the sun, we sat in the

    View Document

    A Thousand S

    106853 words - 428 pages

    unsA Thousand Splendid Suns Khaled Hosseini Rivekhead Books a member of Penguin Group (USA) Inc. New York 2007 From the Library of Nicolas Naprstek RIVERHEAD BOOKS Published by the Penguin Group Penguin Group (USA) Inc., 375 Hudson Street, New York, New York 10014, USA • Penguin Group (Canada), 90 Eglinton Avenue East, Suite 700, Toronto, Ontario M4P 2Y3, Canada (a division of Pearson Penguin Canada Inc.) • Penguin Books Ltd, 80 Strand, London WC2R 0RL, England • Penguin Ireland, 25 St Stephen's Green, Dublin 2, Ireland (a division of Penguin Books Ltd) • Penguin Group (Australia), 250 Cam

    View Document

    Extraterrestrial

    63575 words - 255 pages

    ALIENS ET A-Z Listing compiled from many sources. There are just over 10,000,000 worlds in this universe with similar humanities to our own, this is but a few races who are or have been involved with our life wave for some reason. ________________________________________ ARCTURIANS Arcturus is one of the most advanced extraterrestrial civilizations in our galaxy. It is a fifth dimensional civilization which, in reality, is like a prototype for Earth’s future. Its energy works with humanity as an emotional mental and spiritual healer. It is also an energy

    View Document

    Illusion Of Luck

    66727 words - 267 pages

    ILLUSION OF LUCK This is a work of fiction. The characters and events described in this book are imaginary and resemblance to actual persons living or dead is purely coincidental. Published by Robert Burton Robinson SECOND EDITION August 2007 RBRbooks.com Copyright © 2007 Robert Burton Robinson. Some rights reserved. For details, follow this link: Creative Commons License To order the paperback version use this number: ISBN: 978-0-9798402-2-7 Books by ROBERT BURTON ROBINSON Greg Tenorly Mystery Series: Bicycle Shop Murder Hideaway Hospital Murders Illusion of Luck Hi, I ho

    View Document

    Virgin Suicides

    67030 words - 269 pages

    The Virgin Suicides Jeffrey Eugenides For Gus and War L On the morning the last Lisbon daughter took her turn at suicide-it was Mary this time, and sleeping pills, like Therese, the two paramedics arrived at the house knowing exactly where the knife drawer was, and the gas oven, and the beam in the basement from which it was possible to tie a rope. They got out of the EMS truck, as usual moving much too slowly in our opinion, and the fat one said under his breath, "This ain't TV, folks, this is how fast we go." He was carrying the heavy respirator and cardiac unit past the bushes that had grow

    View Document

    Making Tourism More Sustaintable

    83092 words - 333 pages

    Employment Quality Community Wellbeing Biological Diversity MAKING TOURISM MORE SUSTAINABLE A Guide for Policy Makers Economic Viability Local Control Physical Integrity Environmental Purity Local Prosperity United Nations Environment Programme Division of Technology, Industry and Economics 39-43 Quai André Citroën 75739 Paris CEDEX 15, France Tel: +33 1 44371450 • Fax: +33 1 44371474 E-mail: [email protected] • www.unep.fr Visitor Ful?llment Cultural Richness Social Equity World Tourism Organization Capitán Haya 42 · 28020 Madrid, Spain Tel: +34 91 567 81 00 • Fax: +34 91 571

    View Document

    Essays On Negligence

    53804 words - 216 pages

    INTRODUCTION TO THE LAW OF CONTRACT DEFINITION  A contract may be defined as a legally binding agreement or, in the words of Sir Frederick Pollock: “A promise or set of promises which the law will enforce”. The agreement will create rights and obligations that may be enforced in the courts. The normal method of enforcement is an action for damages for breach of contract, though in some cases the court may order performance by the party in default.  CLASSIFICATION  Contracts may be divided into two broad classes:   1.    Contracts by deed A deed is a formal legal document signed, wi

    View Document

    English As A Global Language

    75599 words - 303 pages

    English as a global language Second edition David Crystal, world authority on the English language, presents a lively and factual account of the rise of English as a global language and explores the whys and wherefores of the history, current status and future potential of English as the international language of communication. English has been lauded as the most ‘successful’ language ever, with 1,500 million speakers worldwide; but Crystal avoids taking sides and tells the story in a measured but engaging way, backed by facts and ?gures. This new edition of his classic book contains extr

    View Document

    Essay

    6311 words - 26 pages

    LB160 Book (1) Analyzing Business Cases Session (1) : Mapping The Case 1.1) Introduction: - A) When you start a business studies course, it is usually not long before you have to read a case study. Case studies come in different shapes and sizes but they all have the same purpose. They present a part of the business world for you to think about using ideas from the business studies course. B) Sometimes you don’t have to do more than read them. Sometimes you have to study them more carefully and write an assignment on them. This process forms the title of this book: Analysing B

    View Document

    Second Sight

    52710 words - 211 pages

    An Ellora’s Cave Romantica Publication www.ellorascave.com Second Sight Dating ISBN 9781419909245 ALL RIGHTS RESERVED. Second Sight Dating Copyright© 2007 Marianne Stephens Edited by Helen Woodall. Cover art by Syneca. Electronic book Publication May 2007 The terms Romantica® and Quickies® are registered trademarks of Ellora’s Cave Publishing. With the exception of quotes used in reviews, this book may not be reproduced or used in whole or in part by any means existing without written permission from the publisher, Ellora’s Cave Publishing Inc., 1056 Home Avenue, Akron, OH 44310-3502. W

    View Document

    C Programming

    32735 words - 131 pages

    Node:Top, Next:Preface, Previous:(dir), Up:(dir) C Programming Tutorial (K&R version 4) This is a C Programming Tutorial for people who have a little experience with an interpreted programming language, such as Emacs Lisp or a GNU shell. Edition 4.02 Copyright ? 1987,1999 Mark Burgess Permission is granted to make and distribute verbatim copies of this manual provided the copyright notice and this permission notice are preserved on all copies. ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Preface: Introduction: Reserved words & example: Operating systems: Libraries: Progr

    View Document

    Factory Law

    48516 words - 195 pages

    Report on The Working Conditions of Contract Labour  in Cement manufacturing Industry, Cement Related Mines, Food Corporation of India AND National Thermal Power Corporation WORKING CONDITIONS, WELFARE SOCIAL SECURITY   AND INDUSTRIAL RELATIONS WORKING CONDITIONS 4.1 Hours of Work, Rest Interval and Spreadover. Working hours of contract workers are regulated through the Factories Act, Mines Act/Plantation Labour Act, as the case may be.  The Factories Act, 1948 provides that normally an adult worker shall not be allowed to work for more than 9 hours in a day and 48 hours in a week.  U

    View Document

    How To Make Anyone Fall In Love With You

    77952 words - 312 pages

    Page iii How to Make Anyone Fall in Love with You Leil Lowndes CONTEMPORARY BOOKS A TRIBUNE COMPANY Page iv Library of Congress Cataloging-in-Publication Data Lowndes, Leil. How to make anyone fall in love with you / Leil Lowndes. p. cm. Includes bibliographical references and index. ISBN 0-8092-3211-1 1. Love. 2. Man-woman relationships. 3. Intimacy (Psychology) 4. Sexual excitement. I. Title. HQ801.L69 1996 306.7—dc20 96-14502 CIP Jacket design by Scott Rattray Interior design by Mary Lockwood Excerpt from Obsession: Copyright © 1995 by Debra McCarthy-Anderson and Carol Bruc

    View Document

    Animal Farm

    30594 words - 123 pages

    Animal Farm George Orwell Animal Farm Table of Contents Animal Farm.......................................................................................................................................................1 George Orwell.........................................................................................................................................1 . I................................................................................................................................................................1 II....................................................

    View Document

Other Popular Essays

Thousands of quality examples at your fingertips!

Writing doesn’t have to be hard. Essays, guides, research papers, and case studies will help you get the inspiration and competitive edge you need for your studies!