What lump sum should be deposited in an account that will earn at an annual rate of 9%, compounded quarterly, to grow to $130,000 for retirement in 30 years?
a. ?$9,002.13
b. ?$9,798.25
c. ?$11,016.95
d. ?$35,135.14
e. ?$8,825.18
a. ?$9,002.13
You might also like to view...
Decide whether or not the given equation is an identity. +
= 2 tan 2x
A. Yes B. No
Find the standard quota asked for. Round your answer to two decimals.A small country consists of seven states; there are 157 seats in the legislature that need to be apportioned among the seven states; and the population of each state is shown in the table. Find the standard quota for state C.
A. 31.99 B. 35.86 C. 29.19 D. 35.22
Solve the problem.How much pure acid should be mixed with 9 gallons of a 50% acid solution in order to get an 80% acid solution?
A. 13.5 gal B. 36 gal C. 4.5 gal D. 22.5 gal
Simplify the expression. Use the order of operations.12 + 6 ? 5
A. 42 B. 72 C. 90 D. 102