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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 165
James Rivera from Exercise 5 has also decided to invest $1000 at the end of each 6 months in an IRA that grows tax deferred. Find the amount he will have accumulated if he does this for 15 years and earns 6% compounded semiannually. ____________
James Rivera earned his degree in drafting at a community college and recently began his new career. He was happy to learn that his new employer will deposit $2500 into his 401(k) retirement account at the end of each year. Find the amount he will have accumulated in 15 years if funds earn 8% per year. ____________
James Rivera earned his degree in drafting at a community college and recently began his new career. He was happy to learn that his new employer will deposit $2500 into his 401(k) retirement account at the end of each year. Find the amount he will have accumulated in 15 years if funds earn 8% per year. ____________
Explanation
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Since the deposits were made at the end ...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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