Questions LLC
Login
or
Sign Up
Ask a New Question
Questions
Mathematics
Mr. Gordon plans to invest $300 at the end of each month in an account that pays 9%, compounded monthly. After how many months will the account be worth $50,000?
1 answer
The answer is approximately 5.5 years, or 66 months.
You can
ask a new question
or
answer this question
.
Related Questions
1. Mike wants to invest money every month for 40 years. He would like to have
$1 000 000 at the end of the 40 years. For each
You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you
You deposit $300 each month into an account earning 5% interest compounded monthly.
a) How much will you have in the account in
Philippe is excited as he is considered a top performer at his place of employment and will receive a significant company bonus
You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you
Last month, Owen received a bank statement of his savings account. It listed his withdrawal of $300 as −300. The bank shows a
Last month, Owen received a bank statement of his savings account. It listed his withdrawal of $300 as −300. The bank shows a
Last month, Owen received a bank statement of his savings account. It listed his withdrawal of $300 as −300. The bank shows a
You are planning to save for retirement over the next 35 years. To do this, you will invest $770 a month in a stock account and
A woman, with her employer's matching program, contributes $400 at the end of each month to her retirement
