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If you deposit money today in an account that pays 5.5% annual interest, how long wil it take to double your money? Round your answer
If you deposit money today in an account that pays 5.5% annual interest, how long wil it take to double your money? Round your answer to two decimal places years You have $28,855.93 in a brokerage account, and you plan to deposit an additonal $3,000 at the end of every future year until your account totals $210,000. You expect to earn 12% annually on the account. How many years wil it take to reach your goal? Round your answer to two decimal places at the end of the calculations. years a. What's the future value of a 5%, 5-year ordinary annuity that pays $300 each year? Round your answer to the nearest cent b. If this was an annuity due, what would its future value be? Round your answer to the nearest cent
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