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2. Travis invests $10,000 today into a retirement account. He expects to earn 9 percent, compounded annually, on his money for the next 26 years.
2. Travis invests $10,000 today into a retirement account. He expects to earn 9 percent, compounded annually, on his money for the next 26 years. After that, he wants to be more conservative, so only expects to earn 6 percent, compounded annually. How much money will he have in his account when he retires 39 years from now, assuming this is the only deposit he makes into the account? * (1 Point) $185,981 $191,453 $195,700 $200,477 $210,690 4. You just won $25,000 and deposited your winnings into an account that pays 6.2 percent interest, compounded annually. How long will you have to wait until your winnings are worth $40,000? * (1 Point) 7.81 years 8.12 years 9.24 years 10.75 years 11.52 years
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