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A small business owner contributes 54,000 at the end of each quarter to a retirement account...
A small business owner contributes $4,000 at the end of each quarter to a retirement account...
A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 6% compounded quarterly. (a) How long will it be until the account is worth at least $150,000? (Round your answer UP to the nearest quarter.) (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8,000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round your answer...
A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 6% compounded qu...
A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 6% compounded quarterly. (a) How long will it be until the account is worth at least $150,000? (Round your answer UP to the nearest quarter.) _______ quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8,000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round...
My Notes AR Your Teacher A small business owner contributes $3000 at the end of each...
My Notes AR Your Teacher A small business owner contributes $3000 at the end of each quarter to a retirement account that earns compounded quarterly (a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.) X quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $7000 at the end of each quarter. What will the total value of the account be after 15 more...
-11 points HarMathAp 12 6.3.043.MI. A small business owner contributes $4,000 at the end of each...
-11 points HarMathAp 12 6.3.043.MI. A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 10% compounded quarterly. (a) How long will it be until the account is worth at least $150,000? (Round your answer UP to the nearest quarter.) My Notes Ask Your Teacher quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $4,000 at the end of each quarter. What will the total value...
8. -12 points HarMathAp 12 6.3.043.ML A small business owner contributes $4.000 at the end of each quarter to a ret...
8. -12 points HarMathAp 12 6.3.043.ML A small business owner contributes $4.000 at the end of each quarter to a retirement account that earns 6 compounded garterly (a) How long will it be until the account is worth at least $150,0007(Round your answer Up to the nearest quarter.) Ask Your Teacher quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $6,000 at the end of each quarter. w more years? (Round your answer to...
8 -12 points HarMath Ap1263.043 MI. out the end of each buntil the account with teat...
8 -12 points HarMath Ap1263.043 MI. out the end of each buntil the account with teat 50,000 ( d ter duary o the nearester) (a) How long s what will the contribution at the end of (1) Supe when the account reaches $150.00, the business owner total value of the ind your tester 15 more w business owner contributes $4,000 at the end of each quarter to a retirement account that can compounded quarterly (a) long will be the account...
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is us...
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balane i (Round your answer UP to the nearest quarter.) quarters Need Help? Read It- Talk to a Tutor
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%,...
A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish...
A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
A personal account earmarked as a retirement supplement contains $292,300. Suppose $250,000 is used to establish...
A personal account earmarked as a retirement supplement contains $292,300. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish...
A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
My Notes AR Your Teacher A small business owner contributes $3000 at the end of each quarter to a retirement account that earns compounded quarterly (a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.) X quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $7000 at the end of each quarter. What will the total value of the account be after 15 more...
-11 points HarMathAp 12 6.3.043.MI. A small business owner contributes $4,000 at the end of each quarter to a retirement account that earns 10% compounded quarterly. (a) How long will it be until the account is worth at least $150,000? (Round your answer UP to the nearest quarter.) My Notes Ask Your Teacher quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $4,000 at the end of each quarter. What will the total value...
8. -12 points HarMathAp 12 6.3.043.ML A small business owner contributes $4.000 at the end of each quarter to a retirement account that earns 6 compounded garterly (a) How long will it be until the account is worth at least $150,0007(Round your answer Up to the nearest quarter.) Ask Your Teacher quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $6,000 at the end of each quarter. w more years? (Round your answer to...
8 -12 points HarMath Ap1263.043 MI. out the end of each buntil the account with teat 50,000 ( d ter duary o the nearester) (a) How long s what will the contribution at the end of (1) Supe when the account reaches $150.00, the business owner total value of the ind your tester 15 more w business owner contributes $4,000 at the end of each quarter to a retirement account that can compounded quarterly (a) long will be the account...
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balane i (Round your answer UP to the nearest quarter.) quarters Need Help? Read It- Talk to a Tutor
A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%,...
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