Lifetime Savings Accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $10,000 now and $10,000 each year for the next 20 years, how much will be in the account immediately after the last deposit, provided the account grows by 10% per year?
What will be an ideal response?
F = 10,000(F/A,10%,21)
= 10,000(64.0025)
= $640.025
You might also like to view...
Young rabbits' eyes should open at ____________________ days of age
Fill in the blank(s) with correct word
A series loop hydronic system is not desirable for use in a large residence because ____.
A. all of the heated water will flow to all rooms B. some rooms will overheat before other rooms are warm C. it is difficult to install and maintain D. Both a and b.
Osmotic and matric potentials are commonly negative because the soil water has a lower energy level than that of pure water
Indicate whether the statement is true or false
In the ____ method of placing and reading dimensions, all numbers or values are placed horizontally, regardless of the direction of the dimension line.
A. unidirectional B. linear C. orthogonal D. symmetric