Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. finding the present value of a compound interest r

Finding the Present Value of a Compound Interest Retirement Account Tanja wants to establish an...

80.2K

Verified Solution

Question

Basic Math

image

Finding the Present Value of a Compound Interest Retirement Account Tanja wants to establish an account that will supplement her retirement income beginning 30 years from now For each interest rate find the lump sum she must deposit today so that 750 000 will be available at time of retirement 39 5 compounded quarterly 168 910 81 40 6 compounded quarterly 125 642 39 41 5 compounded daily 42 6 compounded daily 167 364 81

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

What is the result of adding these two equations 2x 7y 4 2x 8y 2

Algebra
Q

Use chemical potentials to explain the driving force for the spontaneous mixing of gases or liquids

Physics
Q

During the SuiDynastyled aseries of unsuccessfulwars in an attempt tobring Korea underChinese control.A. WudiB. Mao...

Biology
Q

Which of the following statements about immigration to the United States during the 19th century...

Biology
Q

Given the line 2x 3y 6 convert it into polar equation form What is the...

Geometry
Q

of For the function f x y sin 3x 3y find 7 dx f 6...

Calculus
Q

QS 12-25B (Algo) Direct: Computing cash flows LO P5 For each separate case, compute the...

Accounting
Q

Company management decided to discard a machine. The machine cost $ 250,000, had accumulated depreciation...

Accounting
Q

The following labor standards have been established for a particular product: Standard labor hours per...

Accounting
Q

Craft Company reports the following partial activity-based costing information for its Deluxe model. Complete the...

Accounting
Q

Supreme Videos, Inc., produces short musical videos for sale to retail outlets. The companys balance...

Accounting
Q

A portfolio of annual coupon bonds is valued at $100. The modified duration of the...

Finance