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Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The
Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The account currently has a balance of $200,000 and earns 5.9% per year, compounded semi-annually. If you want to figure out how long does Sam have before he will retire what would you put in for the interest rate? 2.95% 5.95% 11 .89% 30096 QUESTION Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The account currently has a balance of $200,000 and earns 5.9% per year, compounded semi-annually. If you want to figure out how long does Sam have before he will retire what would you put for the present value? -200,000 200,000 300,000 300,000 QUESTION 7 Sam refuses to retire until his retirement account has a balance of at least $300,000. Sam won't make any more deposits in the account. The account currently has a balance of $200,000 and earns 5.9% per year, compounded semi-annually. If you want to figure out how long does Sam have before he will retire what would you put for the future value? 200,000 200,000 O -300,000 300,000
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