djjohnson2148 djjohnson2148

14-05-2021
Business

contestada

You are planning to make monthly deposits of $500 into a retirement account that pays 6 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 40 years

Respuesta :

16-05-2021

Answer:

$995,745

Explanation:

PV = $0

PMT = $500

I/YR = 6

P/YR = 12

N = 40 x 12 = 480

your retirement account be in 40 years will be $995,745

Answer Link

Otras preguntas

Factor completely 5ab(x + 6) − 4(x + 6).

Segment lm is the midsegment of trapezoid abcd. ab = 58, and dc = 98. what is lm?

in a given amount of time, James drove twice as far as Rachel. Altogether they drove 120 miles. Write an equation to help find the number of miles driven by eac

Mr. x follows a religion that does not propagate the caste system. also, his religion emphasizes right seeing, thinking, speech, action, living, effort, mindful

Find the value of x (2x+7) and (7x)

Which areas are the main sources of immigration to the united states today?

Identify at least three evidence about what storytelling shows about war

simplify the expression 15(6 - g)

What consequences should there be for the countries who lose a war?

Silicate rocks are weathered by______ into clay minerals A. Hydrolysis B. Abrasion C. Oxidation D. Frost Wedging