If Rachel invest 1700 today in a account that pays 6 percent interest compounded annually how long will it take for her to accumulate 6500 in her account. a. 25.65 b. 16.89 c. 23. 02 d. 18.05 e. 20. 52
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If Rachel invest 1700 today in a account that pays 6 percent interest compounded annually how long will it take for her to accumulate 6500 in her account.
a. 25.65
b. 16.89
c. 23. 02
d. 18.05
e. 20. 52
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- 19. Andrew wants to open an account for his grandson that he hopes will have$30,000 in it when he turns 21. How much should he put into an accountmonthly that earns 2.5% interest, compounded monthly, if he begins when hisgrandson is born?A. $84.46B. $96.47C. $90.64D. $73.44Fatema has decided to invest BD 1500 in a savings account paying 4% interest compounded quarterly. If she leaves his money in the account for 7 years, how much she will get back in total? a. BD1981.94 b. BD1881.46 c. BD1139.87 d. BD1919 Please answer fast I give you upvotePlease help me answer the following time value of money question. If Hollie deposits $5000 in an account that earns 3.5% interest compounded annually, how much will she have in 19 years? What if it is compounded quarterly?
- If Evan wants to earn interest of $3,693.85 on her $15,000.00 savings in 4 years, at what nominal interest rate compounded quarterly do you suggest she invests her money? % Round to two decimal placesAnnalise will deposit into her investment account $4,500, $1,000, and $5,500 at the end of Years 1, 2, and 3, respectively. What will her account be worth at the end of the Year 3 if she earns an annual rate of 6.15 percent? O $11,632.02 O $10,381.25 O $9,725.12 O $11,526.50 None of these answers are correctHow much money does Suzie need to have in her retirement savings account today if she wishes to withdraw $25 000 at the end of each year for 30 years? She expects to earn an average rate of return of 6%. $324 642.24 $331 288.67 $333 333.33 $344 120.78
