Multiple Choice
You have just made your first $5,000 contribution to your individual retirement account.Assuming you earn a 5 percent rate of return and make no additional contributions,what will your account be worth when you retire in 35 years? What if you wait for 5 years before contributing?
A) $26,335.37; $23,011.60
B) $27,311.20; $29,803.04
C) $27,311.20; $22,614.08
D) $27,580.08; 21,609.71
E) $31,241.90; $32,614.08
Correct Answer:
Verified
Correct Answer:
Verified
Q40: You are scheduled to receive $7,500 in
Q41: Sixty years ago,your grandparents opened two savings
Q42: At 10 percent interest,how long does it
Q43: Isaac only has $690 today but needs
Q44: Terry invested $2,000 today in an investment
Q46: Sam wants to invest $5,000 for 5
Q47: Travis invests $10,000 today into a retirement
Q48: You're trying to save to buy a
Q49: You and your sister are planning a
Q50: Today,Courtney wants to invest less than $5,000