Ask
your own question, for FREE!
Mathematics
17 Online
Help please will fan and medal!! Kenneth started saving for retirement at age 40 with plans to retire at 70. He invested an average of $400 per month in various securities, with an average annual return of 7% adjusted for inflation. Assuming monthly compounding, how much has Kenneth saved at the started of retirement? . A. $487,988.40 B. $720,421.84 C. $37,784.31 D. $556,559.83
Still Need Help?
Join the QuestionCove community and study together with friends!
What do you think it is @killer_sweetness97
p*((1+r/n)^nt-1)/(r/n) but first check with 1 year and verify the formula or variables
or here .... t=30 and n=12 as it is monthly compounding
it may be p=400 r=0.07 n=12 t=30 im not sure anymore
I figured it out but thank you both it was A
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
VERNEISH:
Two objects are moving along separate linear paths where each path is described by position, d, and time, t.
Maci:
what are the best stock apps for people who want to start investing?
Twaylor:
genuienly how do i get better self control i keep watcing youtube and theres this
IzzyCookie:
|dw:1792074056138:dw| Uhm, I don't know where to ask this, but I'm in college welding at my community college, and I need help learning vertical welding for
thehearken:
not sure if this is considered spam, im sorry if it is, but does anyone have tips
15 hours ago
1 Reply
0 Medals
5 days ago
3 Replies
2 Medals
1 week ago
3 Replies
0 Medals
3 days ago
9 Replies
1 Medal
1 week ago
2 Replies
1 Medal