This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes ... (Read 958 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
on: Feb 2, 2020

Question 1

Solve the problem. Round to the nearest dollar.

Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays 4.25% compounded monthly. How much will you have from the IRA when you retire at age 65? Find the interest.
◦ $119,567; $73,967
◦ $12,735,807,037,013; $12,735,806,991,413
◦ $146,390; $100,790
◦ $118,696; $73,096

Question 2

Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?

A = A = P =

Periodic Deposit: $? at the end of each year
Rate: 8% compounded annually
Time: 12 years
Financial Goal: $82,000
◦ $6667; $80,004 from deposits and $1996 from interest
◦ $4926; $59,112 from deposits and $22,888 from interest
◦ $4321; $51,852 from deposits and $30,148 from interest
◦ $7709; $46,254 from deposits and $35,746 from interest
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by @Brianna17 on Feb 2, 2020

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Feb 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


Justin Berrios

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Nov 1, 2020
Thank you


Nadia Elmasri

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Mar 11, 2021
thank you.


« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

The periodic cylinder of the elements. When the periodic table is folded in such a way that the ... The periodic cylinder of the elements. When the periodic table is folded in such a way that the ...
Periodic oscillations of the levels of glycolytic intermediates in yeast cells undergoing glycolysis Periodic oscillations of the levels of glycolytic intermediates in yeast cells undergoing glycolysis
Determine if each function is continuous, If the function is not continuous, find the x-axis Determine if each function is continuous, If the function is not continuous, find the x-axis
If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle
What is the value of cos θ, rounded to the nearest tenth. What is the value of cos θ, rounded to the nearest tenth.
Use of synthetic mRNAs to determine genetic code possibilities Use of synthetic mRNAs to determine genetic code possibilities
Video: DNA Sequences - Dideoxy Sequencing

For a complete list of videos, visit our video library