juanabanuelos2p239fz juanabanuelos2p239fz

11-05-2018
Mathematics

contestada

if you invest $100 a month into a retirement account paying 6% interest compounded monthly, how much will you have after 35 years?

Respuesta :

TheBreeze TheBreeze

13-05-2018

Here's the equation for one year:
0.06(100) + 100
But because it is 35 years:
35(0.06(100)) + 100
2.1(100) + 100
We can make it simpler:
3.1(100)
310
You will have $310

Answer Link

Otras preguntas

x-3/35=2/15 please help me and answer it with an explanation

Which sentence is the hook in this introductory paragraph? For the first time in decades, Baby Boomers have been outnumbered by another group--the Millennials.

What was one reason south carolina was unable to trade its cotton for war supplies?

Jason is buying a home theater system on layaway for $349. If he makes a down payment of $25 and pays $54 each week will it take Jason to pay for the home theat

What is important to know about yourself when making a career choice?

Andrew Jackson was a supporter of which of the following? (5 points) Abolition of slavery Limited federal government Implied powers of the Supreme Court Pr

Ordering a mocha latte and paying for it from the starbucks smartphone app is using what type of internet commerce? (1 point) c2c social commerce b2b mobile com

Growing vegetables on a farm represents which level of economic activity?

In The Heart Is a Lonely Hunter by Carson McCullers, the character Mick is more talented and sensitive than the rest of her poor family. She loves music but can

Find the perimeter of the shaded figure