You are planning to make monthly deposits of $70 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 24 years?
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- You are planning to make monthly deposits of $70 into a retirement account that pays 8 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 29 years? Multiple Choice $100,301.38 $87,331.39 $1,146,301.54 Jimes You are planning to make monthly deposits of $160 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 28 years? Multiple Choice O O O O $536,912.11 $6,442,945.32 $437,663.79 $563,757.72 $510,066.50You are planning to make monthly deposits of $190 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 19 years? $134,865.11 $128,442.96 $116,642.73 $1,541,315.57
- ences You are planning to make monthly deposits of $110 into a retirement account that pays 8 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 28 years? Multiple Choice $125,847.26 $130,474.99You want to retire exactly 35 years from today with $1,990,000 in your retirement account. If you think you can earn an interest rate of 10.23 percent compounded monthly, how much must you deposit each month to fund your retirement? Multiple Choice O O $580.31 $4,738.10 $526.79 $489.69 $493.87Every year you deposit $3,500 into an account that earns 19% interest per year, What will be the balance of your account immediately after the 40th deposit? Click the icon to view the interest and annuity table for discrete compounding when / 1% per year. Choose the correct answer below. O A. $165,837 O B. $123,795 OC. $171,102 OD. $172,813 OE. $140,000
- Suppose that at age 25, you decide to save for retirement by depositing $95 at the end of every month in an IRA that pays 4.25% compounded monthly. How much will you have from the IRA when you retire at age 65? Find the interest. A. $118,696; $73,096 B. $120,485; $62,735 C. $146,390; $100,790 D. $119,567; $73,967Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 11% interest compounded monthly. How large will your account balance be in 20 years. öö 11:02 /You want to have $46,000 in your savings account 6 years from now, and you're prepared to make equal annual deposits Into the account at the end of each year. If the account pays 7.7 percent Interest, what amount must you deposit each year? Multiple Choice O O $3,542.02 $3,541.98 $7,666.67 $6.318.12 $9,797.42
- Suppose you want to have $400,000 for retirement in 20 years. Your account earns 8% interest. How much would you need to deposit in the account each month? Submit Question Search my.Ay 14How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $90,000 per year forever, beginning 29 years from now? Assume the account earns interest at 14% per year. The amount to be deposited is determined to be $________ .Current Attempt in Progress To establish a revenue stream for your retirement, you deposit $89000 in an account with a nominal interest rate of 4.2 percent, compounding monthly, which sends you a check of $311.50 each month starting next month. After 10 years, the account value is O $89311.50 $89000 O $37380.00 O $88688.5 eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer