Monday
October 20, 2014

Homework Help: Math

Posted by Terri on Sunday, April 29, 2012 at 10:45pm.

Luis has $150,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until his retirement 20 years from now. If the new account earns interest at the rate of 8%/year compounded quarterly, how much will Luis have in his account at the time of his retirement?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

accounting - A company was recently formed with $ 50,000 cash contributed to the...
personal finance - Beverly is planning for her retirement.She has determined ...
Accounting - . Journalize the following transactions using the perpetual ...
Accounting - Please prepare the following journal entries. Indicate which ...
Tax Planning - Grand Rapids Company paid $250,000 cash in full settlement of a $...
Accounting - The Clydesdale Company has sales of $4,500,000. It also has ...
accounting - The Anderson Company has sales of $4,500,000. It also has invested ...
Geometry - Luis has a simple calculator that has buttons for the digits 0 ...
Geometry - Luis has a simple calculator that has buttons for the digits 0 ...
math - Luis and Berto sell TVs. Last month Berto sold 15 more TVs than Luis. ...

Search
Members