Question
Cassi Benchoff is saving for retirement in 26 years and currently has an amount of $79,150.00. Given an interest rate of 18.00% compounded tri-annually, how
-
Cassi Benchoff is saving for retirement in 26 years and currently has an amount of $79,150.00. Given an interest rate of 18.00% compounded tri-annually, how much will they have in 26 years?
a. $130,045.98
b. $7,452,610.26
c. $131,150.04
d. $5,853,061.79
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Finance Basics 20 Minute Manager
Authors: Harvard Business Review
1st Edition
1625270852, 978-1625270856
