Solve the problem. Round to the nearest cent.Larry wants to start an IRA that will have $400,000 in it when he retires in 22 years. How much should he invest semiannually in his IRA to do this if the interest is 9% compounded semiannually?
A. $3032.28
B. $3019.28
C. $2889.93
D. $11,018.26
Answer: A
You might also like to view...
Subtract.-5 - 21
A. -16 B. 16 C. 26 D. -26
Graph. Label any intercepts and determine the slope of the line. If the slope is undefined, state this.x = -7
A. x-intercept: (-7, 0), m: - 
B. x-intercept: (0, -7), m: 0
C. x-intercept: (0, 0), m: -7
D. x-intercept: (-7, 0), m: undefined
Solve the problem.A certain radioactive isotope has a half-life of approximately 1500 years. How many years to the nearest year would be required for a given amount of this isotope to decay to 70% of that amount?
A. 2605 yr B. 702 yr C. 772 yr D. 450 yr
Use synthetic division to find the quotient and the remainder.(2x4 - x3 - 15x2 + 3x) ÷ (x + 3)
A. Q(x) = (2x3 - 7x2 + 6x - 15); R(x) = 45 B. Q(x) = (2x3 + 5x2 + 3); R(x) = 9 C. Q(x) = (2x3 - 7x2 + 6x - 15); R(x) = - 45 D. Q(x) = (2x3 - 5x2 + 3); R(x) = 9