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Author Question: Find the value of a retirement savings account paying an APR of 5.8% after 45 years (contributions ... (Read 245 times)

Diane

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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
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Marked as best answer by Diane on May 5, 2020

macagnavarro

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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.
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Diane

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Reply 2 on: May 5, 2020
Excellent

jomama

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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