Wednesday
October 22, 2014

Homework Help: Finite Math and Applied Calculus

Posted by Chris on Wednesday, February 19, 2014 at 3:02pm.

Betty Sue sets up a retirement account. For the first 35 years, she deposits
$500 at the end of each month into an account with an annual interest rate of 3.6%, compounded monthly. Then, she stops making monthly payments and transfers the money into a di fferent account with an annual interest rate of 4%, compounded quarterly for a period of 10 years. How much money has she saved for retirement at the end of her 45 years if saving?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finite math - in order to accumulate enough money for a down payment, a couple ...
Math - Tim deposits $10 every month into retirement account which averages 18% ...
math - Tim deposits $10 every month into a retirement account which averages 18...
math - Tim deposits $10 every month into a retirement account which averages 18...
Math - Tim deposits $10 every month into a retirement account which averages 18...
annuities..math - Anne Thorne deposits $100 at the end of each month into her ...
Calc - A person deposits money into a retirement account, which pays 7% interest...
Math - The winner of a popular lottery is offered one of two options: i) a lump ...
Finance - You are planning to save for retirement over the next 35 years. To do...
Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...

Search
Members