You are planning to invest $3,000 in an account earning 7% per year for retirement. a. If you put the $3,000 in an account at age 23, and withdraw it 50 years later, how much will you have? b. If you wait 10 years before making the deposit so that it stays in the account for only 40 years, how much will you have at the end? a. If you put the $3,000 in an account at age 23, and withdraw it 50 years later, how much will you have? In 50 years you would have $__
You are planning to invest $3,000 in an account earning 7% per year for retirement. a. If you put the $3,000 in an account at age 23, and withdraw it 50 years later, how much will you have? b. If you wait 10 years before making the deposit so that it stays in the account for only 40 years, how much will you have at the end? a. If you put the $3,000 in an account at age 23, and withdraw it 50 years later, how much will you have? In 50 years you would have $__
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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You are planning to invest $3,000 in an account earning 7% per year for retirement.
a. If you put the $3,000 in an account at age 23, and withdraw it 50 years later, how much will you have?
b. If you wait 10 years before making the deposit so that it stays in the account for only 40 years, how much will you have at the end?
a. If you put the $3,000 in an account at age 23, and withdraw it 50 years later, how much will you have?
In 50 years you would have $______. (Round to the nearest cent.)
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