Mathematics, 30.03.2020 06:07 IsabellaGracie
Ron is 30 years old and is retiring at the age of 65. When he retires, he will need a monthly income of $1,270 for 10 years. If
Ron contributes 5% of his monthly income to a 401(k) paying 2.75% compounded monthly, will he reach his goal for
retirement given that his monthly income is $1,571.12? If he does not make his goal then state by what amount he will need
to supplement his income. Round all answers to the nearest cent.
a. Ron will meet his monthly goal of exactly $1,270 for retirement
b. Ron will meet his monthly goal of $1,270 for retirement with an excess of $7.42.
C. Ron will not make his monthly goal of $1,270 and will need $74.16 to supplement his monthly
income when he retires.
d. Ron will not make his monthly goal of $1,270 and will need $741.68 to supplement his monthly
income when he retires.
Answers: 3
Mathematics, 21.06.2019 18:30
Two cyclists 84 miles apart start riding toward each other at the samen time. one cycles 2 times as fast as the other. if they meet 4 hours later what is the speed (in miles) of the faster cyclists
Answers: 2
Mathematics, 21.06.2019 19:30
James was playing a game with his friends. he won 35 points. then he lost 15, lost 40 and won 55. how did he come out
Answers: 2
Mathematics, 22.06.2019 00:30
Hi i’m not sure how to do question 20 if u could explain how to do it that’d b great
Answers: 1
Ron is 30 years old and is retiring at the age of 65. When he retires, he will need a monthly income...
Physics, 13.04.2021 16:10
Mathematics, 13.04.2021 16:10
Mathematics, 13.04.2021 16:10
Mathematics, 13.04.2021 16:10
Business, 13.04.2021 16:10
Mathematics, 13.04.2021 16:10
Mathematics, 13.04.2021 16:10
Mathematics, 13.04.2021 16:10
Health, 13.04.2021 16:10