1 pts
Lois Smith wants to retire in California when she is 70
years of age. Lois, who is now 50, believes she will need
$400,000 to retire comfortably. To date, she has set
aside no retirement money. If she get an interest rate of
8% compounded semiannually, she will have to invest
(blank) today.
O $38,000
$83,320
O $38,320
O none of the above
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “1 pts Lois Smith wants to retire in California when she is 70 years of age. Lois, who is now 50, believes she will need $400,000 to retire ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If f (x) = - x^2+3x, find (-5)
Answers (1)
Which methods can be used to expand (x+3) 3?
Answers (1)
Solve the literal equation for the variable X. 6x + 2y = a
Answers (2)
Classify 4n^3+6 by degree
Answers (1)
a marble is randomly selected from a bag containing 9 black, 5 white, and 13 clear marbles. find P (white). round to the nearest percent if necessary.
Answers (1)
New Questions in Mathematics
0.9 0.947 1.5 1.268 in order from least to greatest
Answers (2)
A flyer for Hubbard's Food Mart lists some cereals on sale this week at 10% off. If the regular price of Rice Cereal is $3.99, what would the sale price be? Round your answer to the nearest cent. Answer: $
Answers (1)
What is the height of a parallelogram with base 7 meters and an area of 84 square meters?
Answers (1)
Simplify the expression 2^3*16+24/4
Answers (1)
7x+2y=24 8x+2y=30 solving using elimination
Answers (2)