Mathematics, 17.02.2021 23:00 rylee87

Please help! Kyle deposited $7,000 at the end of every six months for 5 years into a 401(k). Given an interest rate of 12% compounded semiannually, find the future value.
A. $92,265.53
B $97,801.48
C. $44,469.95
D. $64,521.06

Jodie decides to wait until age 70 to begin receiving Social Security benefits. Find the present value of her estimated $31,000 per year in payment assuming 8% per year and payment until her 90th birthday.

A $350,623.10
B. $310,520.80
C. $304,362.65
D. $294,544.50

Wilma saves $12,000 at the end of every six months for 10 years. Assume 10% compounded semiannually and find the present value.
A. $137,547.52
B. $149,546.52
C. $73,734.84
D. $195,589.79

Answers: 3

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Please help! Kyle deposited $7,000 at the end of every six months for 5 years into a 401(k). Given...

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