PREGUNTA 18 Bill plans to fund his individual retirement account (IRA) with the maximum contribution...
60.1K
Verified Solution
Link Copied!
Question
Finance
PREGUNTA 18 Bill plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 20 years. It Bill can earn 12 percent on his contributions, how much will he have at the end of the twentieth year? (Bill planifica establecer su cuenta de retiro individual (IRA) con una mxima contribucin de $2,000 al final de cada ao por los prximos 20 aos. Si Bill puede ganar 12 porciento por su contribucin, cunto el tendr al final de los veinte aos?) a $ 19,292 Ob 5 14,938 Oc$ 40,000 Od $144, 104 PREGUNTA 19 The present value of an ordinary annuity of $350 each year for five years, assuming an opportunity cost of 4 percent, is (El valor presente de una anualidad ordinaria de $350 cada ao por cinco aos, asumiendo un costo de oportunidad de 4 porciento, es) a $ 288 b. 51 890 OC $1.750 d. $1,558
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!
