subject
Mathematics, 25.05.2021 18:10 leximae7720

Doug invests in his company's retirement system by depositing $2400 into an account that pays 8% interest compounded quarterly. Approximately how long will Doug need to leave his money in the account for it to have a balance of $25,000? A) 30 years B) 29.6 years C) 29.3 years D) 0.5 year​

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:40
Atriangle has an area of 72 square inches. if the base of the triangle has a length of 18 inches, what is the height of the triangle? use the formula for the area of a triangle: area = (base)(height) type a numerical answer in the space provided. do not include the units or spaces in your answer.
Answers: 1
question
Mathematics, 21.06.2019 19:10
If $740 is invested at an interest rate of 11% per year and is compounded continuously, how much will the investment be worth in 7 years? use the continuous compound interest formula a = pert.
Answers: 1
question
Mathematics, 21.06.2019 23:00
How can writing phrases as algebraic expressions you solve problems?
Answers: 2
question
Mathematics, 21.06.2019 23:30
Adele is five years older than timothy. in three years, timothy will be 2/3 of adele’s age. what is adele‘s current age?
Answers: 1
You know the right answer?
Doug invests in his company's retirement system by depositing $2400 into an account that pays 8% int...
Questions
question
Mathematics, 18.03.2021 02:10
question
Mathematics, 18.03.2021 02:10
question
Social Studies, 18.03.2021 02:10
Questions on the website: 13722363