It is Juan's 26th birthday and on his 26th birthday, he deposited $7,000 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year. Using a gradient series factor, determine how much was in the account immediately after his 35th birthday if the account earned annual compound interest of 5.2%. Round entry to the nearest dollar.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “It is Juan's 26th birthday and on his 26th birthday, he deposited $7,000 in a retirement account. Each year thereafter, he deposited $1,000 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » It is Juan's 26th birthday and on his 26th birthday, he deposited $7,000 in a retirement account. Each year thereafter, he deposited $1,000 more than the previous year.