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

Author Question: Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions ... (Read 171 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: May 5, 2020

Question 1

For an investment having an APY of 5%, estimate the number of years needed to double the principal.
◦ 9 years
◦ 6 years
◦ 10 years
◦ 15 years
◦ none of these

Question 2

Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions made at the end of each year, including the last year) when the annual contribution is $1200. Round your answer to the nearest cent.
◦ $214,705.00
◦ $226,552.56
◦ $240,892.61
◦ $256,064.38
◦ $230,855.41
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 Diane on May 5, 2020

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
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 49% of students answer this correctly


Diane

  • Member
  • Posts: 576
Reply 2 on: May 5, 2020
Great answer, keep it coming :)

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Older people who experienced stressful events in their younger years may show personal growth and ... Older people who experienced stressful events in their younger years may show personal growth and ...
How to find the resultant vector of three or more vectors How to find the resultant vector of three or more vectors
How to find the definite integral using the fundamental theorem of calculus (Part 3) How to find the definite integral using the fundamental theorem of calculus (Part 3)
How to find the volume and surface area of any cylinder How to find the volume and surface area of any cylinder
Find the length of x to the nearest tenth of a unit. Find the length of x to the nearest tenth of a unit.
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Video: Immune responses Animation

For a complete list of videos, visit our video library