{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-12T00:03:08-04:00", "answer_date": "2024-09-12 00:03:08", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "10324670", "url": "\/study-help\/questions\/a-couple-thinking-about-retirement-decide-to-put-aside-5000-10324670", "question_creation_date_js": "2024-09-12T00:03:08-04:00", "question_creation_date": "Sep 12, 2024 12:03 AM", "meta_title": "[Solved] A couple thinking about retirement decide | SolutionInn", "meta_description": "Answer of - A couple thinking about retirement decide to put aside $5,000 each year in a savings plan that earns 8% interest annua | SolutionInn", "meta_keywords": "couple,thinking,retirement,decide,put,$5,000,year,savings,plan,earns,8%,interest", "question_title_h1": "A couple thinking about retirement decide to put aside $5,000 each year in a savings plan that earns 8% interest annually. In 10 years they", "question_title": "A couple thinking about retirement decide to put aside $5,000 each year", "question_title_for_js_snippet": "A couple thinking about retirement decide to put aside $5,000 each year in a savings plan that earns 8 interest annually In 10 years they will receive a gift of $12,000 that also can be invested at the same rate of interest (a) How much money will they have accumulated 25 years from now (b) If their goal is to retire with $1,000,000 of savings, how much extra do they need to save every year ", "question_description": "

A couple thinking about retirement decide to put aside $5,000 each year in a savings plan that earns 8% interest annually. In 10 years they will receive a gift of $12,000 that also can be invested at the same rate of interest. (a) How much money will they have accumulated 25 years from now? (b) If their goal is to retire with $1,000,000 of savings, how much extra do they need to save every year? <\/p>", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-12 00:03:08", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/2-what-structural-and-functional-brain-correlates-characterize-asd-and-1996123", "description": "=+2. What structural and functional brain correlates characterize ASD and ADHD?", "stars": 0 }, { "url": "\/a-firm-purchases-100-acres-of-land-for-200000-and", "description": "A firm purchases 100 acres of land for $200,000 and agrees to remit 20 equal annual end-of- year installments of $41,067 each. What is the true annual interest rate on this loan?", "stars": 3 }, { "url": "\/study-help\/questions\/a-couple-thinking-about-retirement-decide-to-put-aside-5000-10324670", "description": "A couple thinking about retirement decide to put aside $5,000 each year in a savings plan that earns 8% interest annually. In 10 years they will receive a gift of $12,000 that also can be invested at...", "stars": 3 }, { "url": "\/study-help\/questions\/allegience-insurance-companys-management-is-considering-an-advertising-program-that-9646826", "description": "Allegience Insurance Companys management is considering an advertising program that would require an initial expenditure of $165,500 and bring in additional sales over the next five years. The...", "stars": 3 }, { "url": "\/study-help\/questions\/company-xyz-a-mason-contractor-received-a-government-contract-amounting-1002126", "description": "Company XYZ, a mason contractor, received a government contract amounting to $400,00.00 from Mercy City's Department of General Services for the purpose of \"pointing\" the joints of the stone exterior...", "stars": 3 }, { "url": "\/study-help\/questions\/qb1-a-a-motor-gives-gear-a-a-clockwise-angular-1024175", "description": "QB1 (a) A motor gives gear A a clockwise angular velocity of @A rad\/s and an anti- clockwise angular acceleration a rad\/s, as shown in figure QB1. If the angular velocity of gear B is @B = 3 rad\/s...", "stars": 3 }, { "url": "\/study-help\/questions\/question-1-this-question-basically-asks-you-to-compare-the-4903084", "description": "Question 1. This question basically asks you to compare the Net Present Value (NPV) to the Internal Rate of return (IRR) on the time length of an investment project.. a. Draw a \"growth curve\" for a...", "stars": 3 }, { "url": "\/study-help\/questions\/mary-tam-is-a-civil-engineer-who-was-assigned-a-985857", "description": "Mary Tam is a civil engineer who was assigned a month ago to work with a team that builds roads and bridges across Canada. After a couple of weeks, Mary went to the head of HR to report that her...", "stars": 3 }, { "url": "\/study-help\/questions\/which-one-of-the-following-isnt-something-leaders-and-commanders-5510603", "description": "Which one of the following isn't something leaders and commanders must remember to be aware of what during decision making? A. Influencing factors B. Competing interests C. Animosities among staff...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/what-is-the-keyboard-shortcut-to-open-a-new-tab-10324669", "next": "\/study-help\/questions\/sage-hill-service-corporations-december-31-2025-balance-sheet-reported-10324671" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Finance", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-finance" }, { "name": "A couple thinking about retirement decide to put aside $5,000 each year", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/a-couple-thinking-about-retirement-decide-to-put-aside-5000-10324670" } ], "skill_details": { "skill_id": "13", "skill_name": "Finance", "parent_id": "1" } } "1" } }