Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 39 3 pts your retirement account has a cu

Question 39 3 pts Your retirement account has a current balance of $40,000. What interest...

60.1K

Verified Solution

Question

Finance

image
Question 39 3 pts Your retirement account has a current balance of $40,000. What interest rate would need to be earned in order to accumulate a total of $1,000,000 in 30 years, by adding $8,000 at the end of each year? 10.67% 9.86% 8.39% 6.72%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain \"clonal expansion\" of lymphocytes and how it contributes to the features of adaptive immunity, such...

Medical Sciences
Q

In the figure below, a solid cylinder of radius 18 cm and mass 12 kg startsfrom...

Physics
Q

2 The position x time t graph for a particle moving along a straight line...

Physics
Q

If set A contains four distinct numbers and set B contains seven distinct letters, how...

Basic Math
Q

Which of the following factors may negatively impact the results of a longitudinal study Select...

Statistics
Q

Use the following information for the Exercises below. [The following information applies to...

Accounting
Q

Two independent situations are described below. Each involves future deductible amounts and/or future taxable amounts...

Accounting
Q

Statement of Cost of Goods Manufactured and Income Statement Information from the records of the...

Accounting
Q

Answer the following question based on the following information (a month has 4 weeks). ...

Accounting
Q

What is the labor rate ($) variance for the month? The following labor standards have...

Accounting
Q

Question 1 - Financial Year & CGT In June 2022, Mary entered into a contract...

Accounting
Q

Solve for A and B please? Question Completion Status: Moving to the next...

Finance