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

Author Question: The value of a retirement savings account with an annual contribution of $1800 (contributions made ... (Read 94 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: May 5, 2020

Question 1

Find the value of a retirement savings account paying an APR of 6.2% after 40 years (contributions made at the end of each year, including the last year) when the annual contribution is $2700. Round your answer to the nearest cent.
◦ $469,404.24
◦ $439,457.86
◦ $411,259.75
◦ $434,574.99
◦ $486,451.91

Question 2

The value of a retirement savings account with an annual contribution of $1800 (contributions made at the end of each year, including the last year), and an APR of 5.4% after 40 years is $239,880.81.
Find the value of this retirement savings account after 45 years. Round your answer to the nearest cent.
◦ $312,992.88
◦ $303,849.63
◦ $341,248.61
◦ $322,057.51
◦ $331,414.49
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by imanialler on May 5, 2020

matt95

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: May 5, 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 29% of students answer this correctly


imanialler

  • Member
  • Posts: 539
Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
Cystostomy. An artificial opening is made through the urinary bladder wall during this procedure. As Cystostomy. An artificial opening is made through the urinary bladder wall during this procedure. As
Commercially made peanut butter doesn’t have any detectable levels of trans fatty acids Commercially made peanut butter doesn’t have any detectable levels of trans fatty acids
A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: HDL (high density lipoprotein)

For a complete list of videos, visit our video library