Ask
your own question, for FREE!
Miscellaneous
22 Online
whyjustwhy:
Marissa decides she wants to retire early. She makes an initial deposit of $1,000. Her contributions are $500 a month for the next 15 years. She chooses to invest in the US stock market through an index fund with a 7% return annually. What is the balance of Marissa’s retirement account after 15 years?
Still Need Help?
Join the QuestionCove community and study together with friends!
Mason1239:
idk
abound:
use calculator
hellokitty265:
@gingy57016
carry:
use a calculator, and multiply my 1.07 for every year.
abound:
approximately $152,154 will be Marissa's future retirement balance
Still Need Help?
Join the QuestionCove community and study together with friends!
rawr1234:
Marissa's retirement account balance after 15 years would be approximately $181,760.
hannahj:
yea ig
@abound wrote:
approximately $152,154 will be Marissa's future retirement balance
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
KimberlySaav:
why does the bermuda triangle cause ppl to go missing such as planes and ships?
2 hours ago
24 Replies
2 Medals
arrivhn:
princess Ava has invited you to join a video meeting on Google Meet. Join the meeting: https://meet.
5 hours ago
6 Replies
0 Medals
abound:
Its a full moon tonight...the last full moon some crazy stuff happened i started to grow hair unusually long it was almost dog like.
1 hour ago
6 Replies
1 Medal
BVBfan:
PLEASE HELP! THIS IS URGENT! On his way to the local Hunting and Gathering Convention, caveperson Stony Grok picks up a rock, drops it into a lake, and noti
9 hours ago
0 Replies
0 Medals
university1727:
see everyone next school year had an amazing time with u guys
9 hours ago
11 Replies
0 Medals
Serpents:
Reposting my story again. Too much spamming on my other one. The Dust
8 hours ago
14 Replies
2 Medals
Beanie:
New story! Romance. Description: James and Liz meet at a coffee shop. They meet right in the middle of Liz and Leo's divorce.
8 hours ago
53 Replies
5 Medals