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You are planning to invest $2,000 in an account earning 10% per year for retirement. a. If you put the $2,000 in an account at
You are planning to invest $2,000 in an account earning 10% per year for retirement. a. If you put the $2,000 in an account at age 23, and withdraw it 41 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 31 years, how much will you have at the end? a. If you put the $2,000 in an account at age 23, and withdraw it 41 years later, how much will you have? In 41 years you would have s(Round to the nearest cent.) P 3-23 (similar to) Question Help What is the present value of $9,000 received: a. Twenty eight years from today when the interest rate is 8% per year? b. Fourteen years from today when the interest rate is 8% per year? C. Seven years from today when the interest rate is 8% per year? a. Twenty eight years from today when the interest rate is 8% per year? The present value of $9,000 received 28 years from today when the interest rate is 8% per year is $ Round to the nearest dollar. Score: 0 of 1 pt 10 of 20 (8 complete)> HW Score: 35%, 7 of 20 pts P 3-30 (similar to) Question Help Your grandfather put some money into an account for you on the day you were born. You are now 18 years old and are allowed to withdraw the money. The account currently has $8,512 in it and pays an interest rate of 10%. a. How much money would be in the account if you left the money there until your 25th birthday? b. What if you left the money until your 65th birthday? c. How much money did your grandfather originally put into the account? a. How much money would be in the account if you left the money there until your 25th birthday? The amount that would be in the account if you left the money there until your 25th birthday would be (Round to the nearest dollar.)
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