Gary decides to set up a retirement fund by depositing $182 at the end of each week for 17 years. How much will he have after 17 years, if the interest rate is 1.95%, compounded semiannually?

On your 35th birthday, you open a retirement account that pays 6% interest each year. You want to have two million dollars when you retire at age 65. How much do you need to deposit each month to reach your goal?

Jeremy and Bill each have $69,901 to invest in a retirement account whose annual rate is 2.4% with monthly compounding. Jeremy invests his money all at once, whereas Bill decides to make 127 monthly deposits (of the same amount). How many months will Jeremy need to wait in order to have the same amount that Bill will have immediately after his last deposit? Round your answer to the nearest month.

Brad will graduate next year. When he begins working, he plans to deposit $6000 at the end of each year into a retirement account that pays 6% interest. How much will be in his account after 40 deposits?

Sally has decided to invest $70 at the end of each mouth into a retirement plan that has an annual rate of 5.6%, compounded monthly. If Sally continues her investments for a period of 9 years, how much money will she have in the plan?

Annie would like a retirement income of $4,000 per month (beginning of month payments) for 23 years once she retires. How much must she have in her retirement account on the day she retires if the account can earn 4% compounded semi-annually? Your Answer: Answer

How much should chuck invest semiannually in his ira to have $250,000 in it when he retires in 25 years, if the interest stays 11% compounded semiannually?

An investor deposits $100 into his credit union account that pays interest at the rate of 3.25% per year (payable at the end of each year). He leaves the money and all accrued interest in the account for 7 years. How much will he have at the end of the 7 years?

Hailey starts an IRA (Individual Retirement Account) at the age of 22 to save for retirement. Shedeposits $450 each month. The IRA has an average annual interest rate of 8% compounded monthly.How much money will she have saved when she retires at the age of 65? Round your answer to thenearest cent, if necessary.

Ira Roth opens up a Roth IRA and places $4,500 in his retirement account at the beginning of each year for 20 years. He believes the account will earn 8 percent interest per year, compounded quarterly. How much will he have in his retirement account in 20 years?