What interest should she get to be able to retire as desired

Reference no: EM13183730

Ann Isabel, a recent graduate from Tech, would like to be a millionaire when she will retire after 30 years. She would like to start with a deposit of $1,000 at the end of the first year and increase it every year by $400 thereafter. What interest should she get to be able to retire as desired?

Reference no: EM13183730

Questions Cloud

Compute the expected return after twelve months : A high-tech stock has the following potentials of either going up or down in next twelve months based on investment analysis of several stockbrokers.Potential Associated Increase Probability /DecreasePercentage as a young enterprising engineer, are..

State copies of the protein azurin : A spherical fat cell has a diameter of 2.47 micrometers. The fat cell contains three copies of the protein azurin. What is the molar concentration of azurin within the fat cell?

Compute the attractive force between a cation : Calculate the attractive force (in Newtons) between a cation with a valence of +3 and an anion with a valence of -2, the centers

State the densities for aluminum and iron : The densities for aluminum and iron are 2.7 g/cm 3 and 7.86 g/cm3, respectively. What is the ratio of the mass of an object made of aluminum to that of the same object made of iron?

What interest should she get to be able to retire as desired : Ann Isabel, a recent graduate from Tech, would like to be a millionaire when she will retire after 30 years. She would like to start with a deposit of $1,000 at the end of the first year and increase it every year by $400 thereafter. What interest..

Explain how many grams of sodium succinate : How many grams of sodium succinate (MW=140 g/mol) and disodium succinate (MW=162 g/mol) must be added to 1L of water to produce a solution with pH=6.0 and a total solute concentration

Determine the nominal interest gm paid to the chinese bank : Generous Motor Company took a short loan of $100M for two years from friendly bank in China. The company made a monthly payment of $1M for two years and wrote a check for $100M at the end of two years in addition to the $1M monthly payment. Determ..

What mass of carbon monoxide in grams is present in a room : What mass of carbon monoxide in grams is present in a room measuring 10.5 × 11.0 × 20.5 ft?

What is the profit-maximizing number of sheep to own : What is the profit-maximizing number of sheep to own for the 10 farmers Q7. What is your optimal choice if the other 9 farmers choose to own 5 sheep Q8. What is your optimal choice if the other 9 farmers choose to own 6 sheep Q9. What is your opt..

User Account

All Pages