Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1 plan to deposit $415 into my retirement every ye

1 plan to deposit $415 into my retirement every year for the next 25 years....

90.2K

Verified Solution

Question

Accounting

image
1 plan to deposit $415 into my retirement every year for the next 25 years. The first deposit will be made today (that is, at t=0 ) and the last deposit will be made at the end of year 24 (that is, at t=24 ). I plan to make no other deposits. Assuming that I will earn 12.83% p.a. on my retirement funds, how much money will I have accumulated 36 years from today (that is, at t=36 )? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Your

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

How many lines of symmetry can be drawn for this shape 05 04 6 07

Medical Sciences
1.2K views

Connect the pathways of β–oxidation and ketogenesis. Why is one dependent on the other

Basic Math
1.2K views

mL 4 The doctor orders Unipen 400 mg IM The medication is supplied as Unipen...

Basic Math
1.2K views

write product as a sum or difference 4cos (32s) sin(20s)

Basic Math
1.2K views

An electrician charges a $20 house call fee plus $30 per hour of work. Which...

Basic Math
1.2K views

Directions Substitute Equation 1 into Equation 2. Find the value for x, then find the...

Basic Math
1.2K views

Graph the following inequality.y?3Use the graphing tool to graph the inequality

Algebra
1.2K views

Multiply. (7 +3i)(-4-3i) = (Simplify your answer. Type your answer in the form a +...

Accounting
1.2K views

Inflatable Fun For You (IFFY) is your own business. You own two inflatable bouncy castles....

Accounting
1.2K views

Rudy Company on December 15 sells merchandise on account to Glow Co. for $5,000, terms...

Accounting
1.2K views

In 1963, the Legislature in Hawaii passed the Pittsburgh Tax Plan which changed property tax...

Accounting
1.2K views

a) Is China a net saver or net investor?b) Are China's interest rates higher or...