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2nd Question Should be 44 yrs You have a balance of $94,637 in an investment account you opened 7 years ago. Except for the initial
2nd Question Should be 44 yrs
You have a balance of $94,637 in an investment account you opened 7 years ago. Except for the initial amount, you have not made any other deposit into this account. If you have earned an annual rate of return of 7% each year, What was your initial deposit when you first opened this account? Round your answer to two decimals. Time Attemp 51 Mit You have inherited $10,000 from your uncle. You decide to spend 2,136 on a vacation. The rest you will invest in a Roth IRA. You expect it to earn 6% over the next 45 years. How much will you have to use for retirement in 44 years? Post your answer as a positive whole number. For example 40,000Step by Step Solution
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