Solve the problem.Richard deposits $2000 in an IRA at 10% interest compounded continuously for his retirement in 25 years. He intends to make continuous deposits at the rate of $2500 a year. How much will he have accumulated in 20 years? Round your answer to the nearest dollar.
A. $174,505
B. $177,505
C. $170,505
D. $180,505
Answer: A
You might also like to view...
Fill in the digits for the given place values in the following whole number.6,156,376hundred thousands: tens:
A. Hundred thousands: 6, tens: 7 B. Hundred thousands: 1, tens: 6 C. Hundred thousands: 5, tens: 3 D. Hundred thousands: 1, tens: 7
Solve the problem.A rectangular plot of land measures 70 feet by 110 feet. Find its area.
A. 360 sq ft B. 7700 sq ft C. 770 sq ft D. 180 sq ft
Solve.Tickets to a play were $25 for adults and $18 for children. 426 adult tickets were sold, and 255 children's tickets were sold. If the expenses for the play were $7000, how much profit was made?
A. $7240 B. $8240 C. $15,240 D. $7043
Factor. Check by multiplying.40m9 + 20m6 + 36m4
A. no common factor B. 4m4(10m5 + 5m2 + 9) C. 4(10m9 + 5m6 + 9m4) D. m4(40m5 + 20m2 + 36)