SlideShare a Scribd company logo
1 of 1
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.

More Related Content

More from aman341480

PAPERSDecember 2008 Project Management Jou.docx
PAPERSDecember 2008  Project Management Jou.docxPAPERSDecember 2008  Project Management Jou.docx
PAPERSDecember 2008 Project Management Jou.docx
aman341480
 
Paper Instructions Paper 1 is your first attempt at an argumen.docx
Paper Instructions Paper 1 is your first attempt at an argumen.docxPaper Instructions Paper 1 is your first attempt at an argumen.docx
Paper Instructions Paper 1 is your first attempt at an argumen.docx
aman341480
 
PAPER EXPECTATIONSFollow the instructions.Make your ideas .docx
PAPER EXPECTATIONSFollow the instructions.Make your ideas .docxPAPER EXPECTATIONSFollow the instructions.Make your ideas .docx
PAPER EXPECTATIONSFollow the instructions.Make your ideas .docx
aman341480
 
Paper Title (use style paper title)Note Sub-titles are not.docx
Paper Title (use style paper title)Note Sub-titles are not.docxPaper Title (use style paper title)Note Sub-titles are not.docx
Paper Title (use style paper title)Note Sub-titles are not.docx
aman341480
 
Paper deadline[10 pts] Due Saturday 0321 Turn in the followin.docx
Paper deadline[10 pts] Due Saturday 0321 Turn in the followin.docxPaper deadline[10 pts] Due Saturday 0321 Turn in the followin.docx
Paper deadline[10 pts] Due Saturday 0321 Turn in the followin.docx
aman341480
 
Paper C Topic Selection (Individual) and Research of an existin.docx
Paper C Topic Selection (Individual) and Research of an existin.docxPaper C Topic Selection (Individual) and Research of an existin.docx
Paper C Topic Selection (Individual) and Research of an existin.docx
aman341480
 
Paper Analysis Essay The 5-page Paper You Submit Must At L.docx
Paper Analysis Essay The 5-page Paper You Submit Must At L.docxPaper Analysis Essay The 5-page Paper You Submit Must At L.docx
Paper Analysis Essay The 5-page Paper You Submit Must At L.docx
aman341480
 
Paper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docx
Paper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docxPaper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docx
Paper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docx
aman341480
 
Page 1 of 2 Summer 2020 AFR 110N Sec. 101, Dr. Gove.docx
Page 1 of 2  Summer 2020 AFR 110N Sec. 101, Dr. Gove.docxPage 1 of 2  Summer 2020 AFR 110N Sec. 101, Dr. Gove.docx
Page 1 of 2 Summer 2020 AFR 110N Sec. 101, Dr. Gove.docx
aman341480
 
Page 1 of 4 NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docx
Page 1 of 4    NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docxPage 1 of 4    NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docx
Page 1 of 4 NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docx
aman341480
 
Page 2 (BSBMGT516 Facilitate continuous improvementLea.docx
Page  2 (BSBMGT516 Facilitate continuous improvementLea.docxPage  2 (BSBMGT516 Facilitate continuous improvementLea.docx
Page 2 (BSBMGT516 Facilitate continuous improvementLea.docx
aman341480
 

More from aman341480 (20)

Paracentesis diagnostic procedure ALT Active Learning Template .docx
Paracentesis diagnostic procedure ALT Active Learning Template .docxParacentesis diagnostic procedure ALT Active Learning Template .docx
Paracentesis diagnostic procedure ALT Active Learning Template .docx
 
Paper to include Name of the Culture,(Italian)Country of Origin.docx
Paper to include Name of the Culture,(Italian)Country of Origin.docxPaper to include Name of the Culture,(Italian)Country of Origin.docx
Paper to include Name of the Culture,(Italian)Country of Origin.docx
 
Paper on Tone What is Flannery O’Connor really discussing in A.docx
Paper on Tone What is Flannery O’Connor really discussing in A.docxPaper on Tone What is Flannery O’Connor really discussing in A.docx
Paper on Tone What is Flannery O’Connor really discussing in A.docx
 
PAPERSDecember 2008 Project Management Jou.docx
PAPERSDecember 2008  Project Management Jou.docxPAPERSDecember 2008  Project Management Jou.docx
PAPERSDecember 2008 Project Management Jou.docx
 
PAPER TOPIC You may choose any biological, chemical or physic.docx
PAPER TOPIC You may choose any biological, chemical or physic.docxPAPER TOPIC You may choose any biological, chemical or physic.docx
PAPER TOPIC You may choose any biological, chemical or physic.docx
 
Paper Instructions Paper 1 is your first attempt at an argumen.docx
Paper Instructions Paper 1 is your first attempt at an argumen.docxPaper Instructions Paper 1 is your first attempt at an argumen.docx
Paper Instructions Paper 1 is your first attempt at an argumen.docx
 
Paper to include Name of the Culture,(Italian)Country of Or.docx
Paper to include Name of the Culture,(Italian)Country of Or.docxPaper to include Name of the Culture,(Italian)Country of Or.docx
Paper to include Name of the Culture,(Italian)Country of Or.docx
 
PAPER EXPECTATIONSFollow the instructions.Make your ideas .docx
PAPER EXPECTATIONSFollow the instructions.Make your ideas .docxPAPER EXPECTATIONSFollow the instructions.Make your ideas .docx
PAPER EXPECTATIONSFollow the instructions.Make your ideas .docx
 
Paper Title (use style paper title)Note Sub-titles are not.docx
Paper Title (use style paper title)Note Sub-titles are not.docxPaper Title (use style paper title)Note Sub-titles are not.docx
Paper Title (use style paper title)Note Sub-titles are not.docx
 
Paper requirementsMust be eight to ten pages in length (exclud.docx
Paper requirementsMust be eight to ten pages in length (exclud.docxPaper requirementsMust be eight to ten pages in length (exclud.docx
Paper requirementsMust be eight to ten pages in length (exclud.docx
 
Paper is due March 15th. Needed it by March 14th for reviewT.docx
Paper is due March 15th. Needed it by March 14th for reviewT.docxPaper is due March 15th. Needed it by March 14th for reviewT.docx
Paper is due March 15th. Needed it by March 14th for reviewT.docx
 
Paper deadline[10 pts] Due Saturday 0321 Turn in the followin.docx
Paper deadline[10 pts] Due Saturday 0321 Turn in the followin.docxPaper deadline[10 pts] Due Saturday 0321 Turn in the followin.docx
Paper deadline[10 pts] Due Saturday 0321 Turn in the followin.docx
 
Paper C Topic Selection (Individual) and Research of an existin.docx
Paper C Topic Selection (Individual) and Research of an existin.docxPaper C Topic Selection (Individual) and Research of an existin.docx
Paper C Topic Selection (Individual) and Research of an existin.docx
 
Paper Ba matrix mapping of a key IT-related organizational (o.docx
Paper Ba matrix mapping of a key IT-related organizational (o.docxPaper Ba matrix mapping of a key IT-related organizational (o.docx
Paper Ba matrix mapping of a key IT-related organizational (o.docx
 
Paper CriteriaTopic selection—A current governmental policy re.docx
Paper CriteriaTopic selection—A current governmental policy re.docxPaper CriteriaTopic selection—A current governmental policy re.docx
Paper CriteriaTopic selection—A current governmental policy re.docx
 
Paper Analysis Essay The 5-page Paper You Submit Must At L.docx
Paper Analysis Essay The 5-page Paper You Submit Must At L.docxPaper Analysis Essay The 5-page Paper You Submit Must At L.docx
Paper Analysis Essay The 5-page Paper You Submit Must At L.docx
 
Paper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docx
Paper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docxPaper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docx
Paper #4 PromptDue Date April 17Rough Draft (Optional) Due A.docx
 
Page 1 of 2 Summer 2020 AFR 110N Sec. 101, Dr. Gove.docx
Page 1 of 2  Summer 2020 AFR 110N Sec. 101, Dr. Gove.docxPage 1 of 2  Summer 2020 AFR 110N Sec. 101, Dr. Gove.docx
Page 1 of 2 Summer 2020 AFR 110N Sec. 101, Dr. Gove.docx
 
Page 1 of 4 NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docx
Page 1 of 4    NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docxPage 1 of 4    NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docx
Page 1 of 4 NIZWA COLLEGE OF TECHNOLOGY BUSINESS .docx
 
Page 2 (BSBMGT516 Facilitate continuous improvementLea.docx
Page  2 (BSBMGT516 Facilitate continuous improvementLea.docxPage  2 (BSBMGT516 Facilitate continuous improvementLea.docx
Page 2 (BSBMGT516 Facilitate continuous improvementLea.docx
 

Recently uploaded

會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
中 央社
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
中 央社
 
Poster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdfPoster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdf
Alexander Litvinenko
 

Recently uploaded (20)

Championnat de France de Tennis de table/
Championnat de France de Tennis de table/Championnat de France de Tennis de table/
Championnat de France de Tennis de table/
 
BỘ LUYỆN NGHE TIẾNG ANH 8 GLOBAL SUCCESS CẢ NĂM (GỒM 12 UNITS, MỖI UNIT GỒM 3...
BỘ LUYỆN NGHE TIẾNG ANH 8 GLOBAL SUCCESS CẢ NĂM (GỒM 12 UNITS, MỖI UNIT GỒM 3...BỘ LUYỆN NGHE TIẾNG ANH 8 GLOBAL SUCCESS CẢ NĂM (GỒM 12 UNITS, MỖI UNIT GỒM 3...
BỘ LUYỆN NGHE TIẾNG ANH 8 GLOBAL SUCCESS CẢ NĂM (GỒM 12 UNITS, MỖI UNIT GỒM 3...
 
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文會考英文
 
diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....diagnosting testing bsc 2nd sem.pptx....
diagnosting testing bsc 2nd sem.pptx....
 
How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17How To Create Editable Tree View in Odoo 17
How To Create Editable Tree View in Odoo 17
 
Benefits and Challenges of OER by Shweta Babel.pptx
Benefits and Challenges of OER by Shweta Babel.pptxBenefits and Challenges of OER by Shweta Babel.pptx
Benefits and Challenges of OER by Shweta Babel.pptx
 
Implanted Devices - VP Shunts: EMGuidewire's Radiology Reading Room
Implanted Devices - VP Shunts: EMGuidewire's Radiology Reading RoomImplanted Devices - VP Shunts: EMGuidewire's Radiology Reading Room
Implanted Devices - VP Shunts: EMGuidewire's Radiology Reading Room
 
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT VẬT LÝ 2024 - TỪ CÁC TRƯỜNG, TRƯ...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT VẬT LÝ 2024 - TỪ CÁC TRƯỜNG, TRƯ...TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT VẬT LÝ 2024 - TỪ CÁC TRƯỜNG, TRƯ...
TỔNG HỢP HƠN 100 ĐỀ THI THỬ TỐT NGHIỆP THPT VẬT LÝ 2024 - TỪ CÁC TRƯỜNG, TRƯ...
 
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading RoomSternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
Sternal Fractures & Dislocations - EMGuidewire Radiology Reading Room
 
MOOD STABLIZERS DRUGS.pptx
MOOD     STABLIZERS           DRUGS.pptxMOOD     STABLIZERS           DRUGS.pptx
MOOD STABLIZERS DRUGS.pptx
 
Including Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdfIncluding Mental Health Support in Project Delivery, 14 May.pdf
Including Mental Health Support in Project Delivery, 14 May.pdf
 
The Liver & Gallbladder (Anatomy & Physiology).pptx
The Liver &  Gallbladder (Anatomy & Physiology).pptxThe Liver &  Gallbladder (Anatomy & Physiology).pptx
The Liver & Gallbladder (Anatomy & Physiology).pptx
 
Graduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptxGraduate Outcomes Presentation Slides - English (v3).pptx
Graduate Outcomes Presentation Slides - English (v3).pptx
 
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽會考英聽
 
“O BEIJO” EM ARTE .
“O BEIJO” EM ARTE                       .“O BEIJO” EM ARTE                       .
“O BEIJO” EM ARTE .
 
Spring gala 2024 photo slideshow - Celebrating School-Community Partnerships
Spring gala 2024 photo slideshow - Celebrating School-Community PartnershipsSpring gala 2024 photo slideshow - Celebrating School-Community Partnerships
Spring gala 2024 photo slideshow - Celebrating School-Community Partnerships
 
Poster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdfPoster_density_driven_with_fracture_MLMC.pdf
Poster_density_driven_with_fracture_MLMC.pdf
 
Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"
Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"
Mattingly "AI and Prompt Design: LLMs with Text Classification and Open Source"
 
Dementia (Alzheimer & vasular dementia).
Dementia (Alzheimer & vasular dementia).Dementia (Alzheimer & vasular dementia).
Dementia (Alzheimer & vasular dementia).
 
An overview of the various scriptures in Hinduism
An overview of the various scriptures in HinduismAn overview of the various scriptures in Hinduism
An overview of the various scriptures in Hinduism
 

Bob and Lisa are both married, working adults. They both plan for re.docx

  • 1. 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.