Multiple Choice
You make a $10,000 initial deposit and make semi-annual contributions of $950.If your investment earns you 2.6% compounded annually, how long will it take before you have $60,000?
A) 20 years
B) 19 years
C) 18 years
D) 17 years Data entry using the BAII Plus Calculator:
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q53: What happens over time to the real
Q82: If you were a bank which would
Q83: What is the annually compounded rate of
Q84: What is the discount factor for $1
Q85: How long must one wait (to the
Q86: Explain the difference between a regular annuity
Q88: Explain the difference between a very long
Q89: How much interest can be accumulated during
Q90: The concept of compound interest refers to:<br>A)Earning
Q92: What is the present value of $100