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Business, 11.03.2020 20:59 goeringwilliam6974
How much must you deposit each year into your retirement account starting now and continuing through year 12 if you want to be able to withdraw $70,000 per year forever, beginning 35 years from now? Assume the account earns interest at 10% per year.
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Business, 22.06.2019 02:30
When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $
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Business, 22.06.2019 04:00
Don’t give me to many notifications because it will cause you to lose alot of points
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