Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. you are paying into a mutual fund that earns 8 com

You are paying into a mutual fund that earns 8 compound interest If you are...

50.1K

Verified Solution

Question

Basic Math

image

You are paying into a mutual fund that earns 8 compound interest If you are making an annual contribution 13 000 how much will be in the funds in 12 years Click the icon to view the interest factors for discrete compounding when i 8 per year will be in the funds in 12 years Round to the nearest dollar

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

A specialist graphics company is investing in a new machine which enables it to make high quality...

General Management
Q

8 When probing the leech which section of the neuron responded to the brush ex...

Biology
Q

Second corollary to the inscribed angle theorem An angle inscribed in a semicircle is a...

Geometry
Q

Let v(t) represent an object's velocity, in feet per minute, at time t minutes. Which...

Basic Math
Q

A local bakary has determined a probability distribution for the number of cheesecakes that they...

Statistics
Q

Decide what number must be added to make the expression a perfect square trinomial Then...

Calculus
Q

Homework After a drug is taken orally the amount of the drug in the bloodstream...

Calculus
Q

Solve equation by using the quadratic formula 4m 3m 3 0 Entry Tip to type...

Algebra
Q

Degollado Corporation's most recent income statement appears below: Income Statement For the Year Ended December...

Accounting
Q

Taxpayers who wish to voluntarily choose to file their tax returns through the mail should...

Accounting
Q

Salvage Co. is considering the purchase of a new ocean-going vessel that could potentially reduce...

Finance
Q

What will be the nominal rate of return on a perpetual preferred stock with a...

Accounting