The correct answer is $127,316 but how do you get that answer. I know this from the feedback i received but how do you solve this to get that?
Larry is 32 years old and starting an IRA (individual retirement account). He is going to invest $250 at the beginning of each month. The account is expected to earn 3.5% interest, compounded monthly. How much money, rounded to the nearest dollar, will Larry have in his IRA if he wants to retire at age 58?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The correct answer is $127,316 but how do you get that answer. I know this from the feedback i received but how do you solve this to get ...” in 📗 Advanced Placement (AP) if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The same amount of energy will produce a greater change in speed for vehicles of different mass.
Answers (1)
What classroom enables students to attend but not be in the class room?
Answers (1)
Which was a major effect of the cold war on the United States in the 1950s? a. Congress passed laws prohibiting United States contact with communist countries. b. The United States refused to enter military alliances with other nations. c.
Answers (1)
When 4-year old Michael hit his sister, his Mom places him in a time-out by having him stand in a corner for 4 minutes. A time-out is considered to be
Answers (1)
What is the best way to avoid anger?
Answers (1)
New Questions in Advanced Placement (AP)
When you drive a vehicle you own, you must always have ___ with you. A. your certificate of title B. your vehicle registration C. proof of residency D. the owner's manual
Answers (2)
Redundant monitoring means that a signal is sent in multiple forms or paths to reach its intended target.
Answers (1)
In which of the following ways did the middle class differ from the working class in the late 1800s? A. The middle class began to live in the suburbs, while the working class lived in the city. B.
Answers (1)
This map shows the shifting center of american population in the first two centuries of it's existence. What might BEST account for this shifting trend?
Answers (1)
Hercules went to what king to be a slave?
Answers (1)