Finite Math
 👍 0
 👎 0
 👁 153
Respond to this Question
Similar Questions

math
Michael invested $1600 per halfyear in an IRA each halfyear for 9 years earning 9% compounded semiannually. At the end of 9 years he ceased the IRA payments, but continued to invest his accumulated amount at 10% compounded
asked by melodi on April 6, 2013 
math modeling
Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributions thereafter. Person B waits until age 35 to open an IRA and contributes $2000 per years for 30 years. There is no
asked by fazilah edwin on August 20, 2011 
mathmodeling
Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributions thereafter. Person B waits until age 35 to open an IRA and contributes $2000 per years for 30 years. There is no
asked by fazilah on August 18, 2011 
mathematical modeling
Person A opens an IRA at age 25, contributes $2000 per year for 10 years, but makes no additional contributes thereafter. Person B waits untill age 35 to open an IRA and contributes $2000 per year for 30 years. There is no initial
asked by lala on August 13, 2011 
mathsurgently needed
A man invests Rs 3,20,000 for 2 years at 12.5% p.a. compounded annually. If the income tax at the rate of 20% is deducted at the end of each year, on interest accrued, find the amount he received at the end of 2 years.
asked by Anonymous on February 10, 2013 
math
a person invests $2000 at 4% per year comoundes semiannually for 25 years, determine how long it will take for the investment to reach $5000, using the tvm solver in your calulator and using an exponential funtion.
asked by Dane on January 19, 2011 
Algebra
Greta invests $10,000 in an investment that pays 3% interest, compounded annually, for the first three years, then 9% interest, compounded annually, for the last three years. Rui invests $10,000 in an investment that pays r% for
asked by Cassie on April 2, 2009 
Finite Mathematics
If a merchant deposits $1,500 annually at the end of each tax year in an IRA account paying interest at the rate of 10%/year compounded annually, how much will she have in her account at the end of 25 years? Round your answer to
asked by Reco on June 6, 2013 
college
Joan wants to start an IRA that will have $250,000 in it when she retires in 21 years. How much should she invest annually in her IRA to do this if the interest is 16% compounded quarterly?
asked by Anonymous on February 27, 2012 
Finance
Molly just received a $5,000 inheritance. She wants to open an IRA for retirement, 40 years from today. If she can earn 11% per year in her IRA, how much will she be able to take out annually for 20 years in retirement? A) $24,182
asked by Jennifer on December 16, 2018