How large will your retirement account be in 35 years

Reference no: EM13266340

You are planning to make monthly deposits of $500 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 35 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.

Reference no: EM13266340

Questions Cloud

Find the distance that places the final image at infinity : An object is placed 11.7 cm to the left of a diverging lens of focal length -5.81 cm. Find the distance d that places the final image at infinity

Comparison and contrast between osi model layers : Expand on the choices you made in the assignment for each one of the OSI model layers by speaking to why they functionally belong in one of the layers.

Explain how many milliliters of solution of acetic acid : how many milliliters of 0.42 M solution of acetic acid, CH3COOH, will contain 0.50 grams of acetic acid

What is the cost of debt to dmi : The par value of the bond is $100, and the bond will mature in thirty years. What is the cost of debt to DMI if the bonds raise the following amounts (ignoring issuing cost)?

How large will your retirement account be in 35 years : how large will your retirement account be in 35 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.

Compute the mass of glucose required to produce : The net reaction is C6H1206(s) -> 2 C2H50H(l) + 2 C02(g) Calculate the mass of glucose required to produce 1.00 L of CO2 measured at P = 1.00 atm and T = 300. K.

What is the output voltage and input current : A transformer has 380 primary turns and 1220 secondary turns. The input voltage is 120 V and the output current is 15.0 A. What is the output voltage and input current

Write the total demand equation from the equations above : How much more profit can be made by using the two price strategy in your answer to question 3?

Determine the volumes of each of the semiconductors : Determine the volumes of each of these semiconductors that will on avg contain one hole. The intrinsic carrier concentrations are ni=1.02*10^10 cm^-3,ni= 2.1*10^ cm^-3, and 10^-7 cm^-3.

User Account

All Pages