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Intro In order to save for your retirement, you want to save $7,000 every year for 30 years, starting one year from now. The annual
Intro In order to save for your retirement, you want to save $7,000 every year for 30 years, starting one year from now. The annual interest rate on your savings account is 2%. IB Attempt 1/10 for 10 pts. Part 1 How much money will you have in your account in 30 years? 0+ decimals Submit Intro In order to save for your child's college education, you want to save $100 every month for 10 years, starting one month from now. The monthly interest rate on your savings account is 0.7%. Part 1 18 - Attempt 1/10 for 10 pts. How much money will you have in your account in 10 years? + decimals Submit Intro You are 21 years old today. Starting one month from now, if you deposit $400 per month for 32 years into your retirement account which earns 0.7 percent per month, are you a millionaire by age of 53? 18 Attempt 1/10 for 10 pts. Part 1 Find out how much money you will have by age of 53. If that number is greater than one million, then you are a millionaire by that age. 0+ decimals Submit Part 2 18 Attempt 1/10 for 10 pts. Find out how many months it takes to reach one million of saving. If the length of time is less than 32 years, then you shold be a millionaire by age of 53. Should give you the same conclusion as in Part 1. 0+ decimals Submit
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