Solution-Computing the additional deposits

Computing the additional deposits

Assignment Help Mathematics

Reference no: EM131247297

Bob makes his first $700 deposit into an IRA earning 6.9% compounded annually on his 24th birthday and his last $700 deposit on his 44th birthday (21 equal deposits in all). With on additional deposits, the money in the IRA continues to earn 6.9% interest compounded annually Bob retires on his 65th birthday. How much is in the IRA when Bob retires?

Reference no: EM131247297

Questions Cloud

How many students and adults attended the play : The number of students attending the fall play was 150 more than the number of adults attending. Student tickets cost $3, and adult tickets cost $5. A total of $4730 was collected. How many students and adults attended the play?

What load is shared by each material : a copper rod of 40mm dai surroundedhighly by a cast iron tube of 80mm external dia the ends being firmly fasten together .when put of a compressionload of 30kn what load is shared by each material and also determine the bar shortend.

Find the cost of capital and value for each firm : Find the cost of capital and value for each firm. -Evaluate the following four projects to determine their acceptance (or rejection) by firms B and C.

How many trips did the truck made to each store : The profit of each truck load sold through the first retail store is $500, for the second retail store $400 and for chain store $800. Last week the truck was used for 48 hours at a cost of $3000 and the manufacturer made a profit of $12,000. How m..

Computing the additional deposits : With on additional deposits, the money in the IRA continues to earn 6.9% interest compounded annually Bob retires on his 65th birthday. How much is in the IRA when Bob retires?

Explain how the speech supports this claim : Explain how the speech supports this claim (logos, ethos, and/or pathos). Is the opposing side mentioned? Also, describe the method of argumentation you believe is used in the speech (Toulmin? Rogerian? A mixture of both?). Give citations to back ..

Is the given project profitable : The firm is considering a new investment with an expected rate of return of 17%. This project is 30% riskier than the firms average operations. The riskless rate of return is 5%; the variance of the market return is .08. Is the project profitable?

Why does the displacement behave in this way : what is the predicted displacement at 15 km from the fault after 1 year? At 30 km from the fault after 4 years? Why does the displacement behave in this way?

Payments into an account paying : A company estimates that it will need $70,000 in 15 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 5.4% compounded monthly, how much should each payment be?

User Account

All Pages

Computing the additional deposits

Reference no: EM131247297

Reference no: EM131247297

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Questions on ferris wheel

Logistic map

Finding the probability of cards

Systems of ode

Derive the boolean expression

System of equations

Linear programming problem

Find the natural domain

Introduction to numerical methods

Chart of the topological manifold

Mathematics in computing

Complex problems

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT