Student question   Time Left : 00:09:37 Beginning in​ January, a person plans to deposit ​$100 at the end of each month into an account earning 15​% compounded monthly. Each year taxes must be paid on the interest earned during that year. Find the interest earned during each year for the first 3 years. The interest earned during the first year is $________. (Round to the nearest cent as​ needed.) Bob makes his first $900 deposit into an IRA earning 7.6% compounded annually on his 24th birthday and his last $900 deposit on his 37th birthday ​(14 equal deposits in​ all). With no additional​ deposits, the money in the IRA continues to earn 7.6% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bob​ retires? The amount in the IRA when Bob retires is $________ (Round to the nearest cent as​ needed.) You can afford monthly deposits of $180 into an account that pays 3.9% compounded monthly. How long will it be until you have $8,200 to buy a​ boat? the number of​ months: _______ ​(Round to the​ next-higher month if not​ exact.) [i need three answer i will provided to yo upvote]

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Student question   Time Left : 00:09:37 Beginning in​ January, a person plans to deposit ​$100 at the end of each month into an account earning 15​% compounded monthly. Each year taxes must be paid on the interest earned during that year. Find the interest earned during each year for the first 3 years. The interest earned during the first year is $________. (Round to the nearest cent as​ needed.) Bob makes his first $900 deposit into an IRA earning 7.6% compounded annually on his 24th birthday and his last $900 deposit on his 37th birthday ​(14 equal deposits in​ all). With no additional​ deposits, the money in the IRA continues to earn 7.6% interest compounded annually until Bob retires on his 65th birthday. How much is in the IRA when Bob​ retires? The amount in the IRA when Bob retires is $________ (Round to the nearest cent as​ needed.) You can afford monthly deposits of $180 into an account that pays 3.9% compounded monthly. How long will it be until you have $8,200 to buy a​ boat? the number of​ months: _______ ​(Round to the​ next-higher month if not​ exact.) [i need three answer i will provided to yo upvote]
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