Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. after starting her new career on new years eve at

After starting her new career on New Years Eve at age 20, Tessa decides to...

70.2K

Verified Solution

Question

Basic Math

image

After starting her new career on New Years Eve at age 20, Tessa decides to start saving up her money. Every 2 weeks she takes $30 from her paycheck and puts it in a tax free savings account (TFSA). The interest rate is 1.6% per year compounded annually. a. How much will her TFSA be worth on New Year's when she is 30 years old?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

On the next seven questions, express monetary answers to the nearest whole dollar and percentages to...

Finance
Q

A solid sphere has a temperature of 674 K. The sphere is melted down and recast...

Physics
Q

During the 19th century, elephant seals were hunted to near extinction. In the early part...

Biology
Q

The genetic code is essentially the same for all organisms From this one can logically...

Biology
Q

3 volume of 1 m at a constant pressure of 100 N m Then it...

Physics
Q

Suppose that v and w are unit vectors If the angle between v and i...

Basic Math
Q

Good Housekeeping magazine wants to collect data on customers interests The September issue has a...

Basic Math
Q

Select ALL the correct answers.Two friends worked together on an entry for a poetry contest...

Basic Math
Q

Tell whether each sentence below is true or false 1 The secant y sec x...

Calculus
Q

River drove for 2 hours on the freeway They exited the freeway and decreased their...

Calculus
Q

Adult tickets to the fall play cost 6 and student tickets cost 3 The drama...

Algebra
Q

(Operating leverage) The C. M. Quarles Distributing Company manufactures an assortment of cold air intake...

Finance