kimberlychase746 kimberlychase746

02-05-2024
Mathematics

Answered

Catherine Dohanyos plans to retire in 15 years. She will make 15 years of monthly contributions to her retirement account. One month after her last contribution, she will begin the first of 10 years of withdrawals. She wants to withdraw $3300 per month. How large must her monthly contributions be in order to accomplish her goal if the account earns interest of 7.9% compounded monthly for the duration of her contributions and the 120 months of withdrawals?

Answer :

Other Questions

Jenny invests $2,000 at an interest rate of 5%. The amount of money, , in Jenny’s account after t years can be represented using the equation . If Jenny would h

Yesterday, Emily had $423.21 in her checking account. Since then, she withdrew $40 from an ATM. She also wrote a check for $31.24 and made a purchase with her d

answered 3) Bella recorded data and used her graphing calculator to find the equation for the line of best fit. She then used the correlation coefficient to det

What are the cordinents of y=3 and y=1/4x+5

Which of these situations does 1÷0.1 represent? The number of groups of 0.1 in 1. The number of groups of 1 in 0.1.

On a certain day, a tank was filled with 100 units of water. If 1/4th of the quantity of water present at the beginning of that day is consumed per day, then wh

Find the interest on the following loan. Assume 365 days in a year. $36,600 at 8.25% for 103 days The simple interest on $36,600 at 8.25% for 103 days is $ (Rou

40 identical machines in a factory pack 180 crates of oranges per day between them. What is the ratio of number of machines to number of crates packed per day i

The rainfall in a town last year measured 75 inches. If the annual rainfall has a mean of 47.41 inches and a standard deviation of 9.56 inches, determine the z-

To evaluate the effect of a treatment, a sample of n = 6 is obtained from a population with a mean of µ = 80, and the treatment is administered to the individua