How much money is invested at the end of year 10

Assignment Help Econometrics

Reference no: EM13181066

At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How much money will be in the account at the end of the 30 years?

Reference no: EM13181066

Questions Cloud

What is the most you can withdraw annually : In order to help you through college, your parents just deposited $20,000 into a bank account paying 6% interest. Starting tomorrow you plan to withdraw equal amounts from the account at the beginning of each of the next four years. What is the MO..

State what kelvin temperature will the vapor pressure : A certain substance has a heat of vaporization of 39.17 Kj/mol. At what kelvin temperature will the vapor pressure be 6.50 times higher than it was at 325k?

HR and believe implementing self-service portal : You work in HR and believe implementing a self-service portal for HR administration would generate several efficiencies in work flow. Your manager is resistant to implementing the portal because of the administrative challenges and concerns such as t..

How much will she accumulate : Another client, Wynona, decides that she will invest $5,000 per year in a 5% annuity for the first ten years, then $6,000 for the next ten years, and then $4,000 per year for the last ten years, how much will she accumulate?

How much money is invested at the end of year 10 : At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How muc..

Piaget described several deficits in reasoning : Piaget described several deficits in reasoning that characterize the preoperational child, including egocentric , animistic thinking and lack of capability in conservation tasks . Describe Piaget's basis for each of these three conclusions.

Compute the molar mass of the compound : throat lozenges was dissolved in enough water to make 10.0 mL of solution at 25 degrees C. The osmotic pressure of the resulting solution was 4.95 atm. Calculate the molar mass of the compound. Answer in g/mol.

What radial and height dimensions will require : A metal storage tank with a mximum volume of 500 m^3 is to be constructed in the shape of a right circular sylinder surmounted by a hemisphere. What radial and height dimensions will require the least amount of material?

Describe the crime of solicitation-corroboration requirement : Describe the crime of solicitation and give two (2) examples of solicitation crimes, and explain how corroboration requirements are used in solicitation statutes.

User Account

All Pages