FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me match these! Josh starts a paper route at age 13 and saves $20 each month in an annity that pays 4.8%. He

please help me match these!
image text in transcribed
Josh starts a paper route at age 13 and saves $20 each month in an annity that pays 4.8%. He continues this habit until he retires at age 68 . How much INTEREST did his earn on his annuity? 4.8 12 1. N= 51498.02 2. 1%= 0 3. PV= 20 4. PMT= 5. FV= 5512 6. P/Y,C/Y= 7. Interest 64698.02

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Communication In The Age Of Trump

Communication In The Age Of Trump

Authors: Arthur S. Hayes

1st Edition

1433150301, 9781433150302

More Books

Students also viewed these Accounting questions

Question

★★★★★
a. A random sample of 25 observations was drawn from a normal population. The sample mean and sample standard deviation are x = 52 and s = 15. Calculate the test statistic of a test to determine if...

Answered: 1 week ago

Question

★★★★★
=+140 Chapter 3 The Adjusting Process Continuing Problem The unadjusted trial balance that you prepared for Music Depot at the end of Chapter 2 should appear as follows: Music Depot Unadjusted Trial...

Answered: 1 week ago

Question

★★★★★
Analyze ethical issues that may arise for a psychologist practicing family therapy.

Answered: 1 week ago

Question

★★★★★
You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company's operations....

Answered: 1 week ago

Question

★★★★★
A key advantage of phased implementation is Question 1 Answer a . It allows the company to slowly move from one system to another b . Impacts are limited to a small group of individuals c . There are...

Answered: 1 week ago

Question

★★★★★
Find Q- point 2.3m A , 5.4V lou find Q- Point auswer 2.3 m A, 5.4 V gcke Boc=30

Answered: 1 week ago

Question

★★★★★
Question 9 Explain by means of what will you prepare the compressed air systems for service? (5)

Answered: 1 week ago

Question

★★★★★
Given that q(x) = 10x-6 2x-2 find (91) (6) using the Inverse Function Theorem. Note that q(3) = 6. (Do not include "(q) (6) =" in your answer.)

Answered: 1 week ago

Question

★★★★★
On January 1, 2024, Hobart Manufacturing Company purchased a drill press at a cost of $36,000. The drill press is expected to last 10 years and has a residual value of $6,000. During its 10-year...

Answered: 1 week ago

Question

★★★★★
1. Consider the series 2n+3 2n+5 Decide en en+1 n=1 [2 marks] whether it converges or diverges; if it converges, find the limit. 2. f(2) = 82-3n 27" n=1 Throughout it, let be the function defined by...

Answered: 1 week ago

Question

★★★★★
HR managers develop strategies to systematically monitor the major factors influencing their organization to identify trends that might affect the formulation and implementation of both...

Answered: 1 week ago

Question

★★★★★
7. What are the main provisions of the FMLA?pg 87

Answered: 1 week ago

Question

★★★★★
2. What is merit pay? Do you think its a good idea to award employees merit raises? Why or why not?pg 87

Answered: 1 week ago

Question

★★★★★
7. What are the main provisions of the FMLA?

Answered: 1 week ago

Previous Question Next Question