with excel fourmula -3. (Calculating the future value of an ordinary annulty)...
90.2K
Verified Solution
Link Copied!
Question
Finance
with excel fourmula 
-3. (Calculating the future value of an ordinary annulty) (Related to Finance for Ljfi:b ing for Retirement on page 204) Mike, 30 , has started a small business and wassin start saving for his retirement when he turns 65 . He has decided to invest {6,000 ets end of every year in a pension plan that earns him 6 percent compounded anmally. How much will Mike get when he retires? Mike then decided to keep reinvesting the profits in his business for a further fie? and start saving once he is 35 years old. How much will Mike get if he starts saviagt" same amount and investing in the same plan as before
with excel fourmula
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.