Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you have $10,000 in savings. you are going to put

You have $10,000 in savings. you are going to put an additional $15,000 into your...

90.2K

Verified Solution

Question

Finance

You have $10,000 in savings. you are going to put an additional $15,000 into your savings next year and $20,000 in two years time. If the annual interest rate is 4%, how many years until you have $100,000 in savings?
PLEASE SHOW WORK

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

  Purpose: The purpose of this assignment is to use prefixes, suffixes, word roots, and combining...

Medical Sciences
Q

Messages are transmitted from one neuron to another via the synapse process. Define neurotransmitter, the four...

Medical Sciences
Q

A rigid tank contains a saturated liquid-vapour mixture of water in an equilibrium state. The volume...

Mechanical Engineering
Q

Describe a correlation analysis, and provide an example of one. Provide examples of dependent and independent...

Basic Math
Q

Natural selection is characterized by which two statements A It acts on a population not...

Biology
Q

Use factoring to solve the quadratic equation Check by substitution or by using a graphing...

Basic Math
Q

The perimeter of a rectangular swimming pool is 154 m. Its length is 2 m...

Basic Math
Q

Consider the following function 1 x 3 Determine whether f x approaches o or coas...

Calculus
Q

For the rectangular parking area of the shopping center shown which one of the following...

Algebra
Q

Based on the following data, what are total liabilities? Accounts payable $80000 Accounts receivable 55000...

Accounting
Q

Tasty Foods expects to have 24,000 units of finished goods inventory on hand on March...

Accounting
Q

Use the most recent Form 10-K (2020 annual report) of WALMART INC. - Calculate short-term...

Finance