For the past 5 years, Frank and Peggy have deposited $15,000 in a retirement account with a simple interest rate of 7%. They plan to continue to make annual deposits for the next 20 years. Explain how thier money will grow over time. Focus on the earning for the first several years and explain how their money will grow.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “For the past 5 years, Frank and Peggy have deposited $15,000 in a retirement account with a simple interest rate of 7%. They plan to ...” 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
Kirs plans to use $15,000 to open a savings account with an annual interest rate of 5%. How much more interest will she earn over 8 years if she chooses a compound interest account, with interest compounded quarterly, instead of a simple interest
Answers (1)
The rates of return on the investments in a large portfolio had mound shapeddistribution, with a mean of 20% and a standard deviation of 10%. a. What proportion of the investments had a return of between 10% and 30%? b.
Answers (1)
Ten people reported the number of hours they worked last week. 17, 42, 40, 35, 24, 20, 30, 32, 25, 38 What is the median, lower quartile, upper quartile, and interquartile range of this set of data? A.
Answers (1)
What order are these fractions small to large 1/4,3/8, 9/16, 3/4,
Answers (1)
the perimeter of a rectangle 310m the lenght is 25m greater than the width what are the length and width of a rectangle
Answers (1)
New Questions in Mathematics
A local hamburger shop sold a combined total of 566 hamburgers and cheeseburgers on Saturday. There were 66 more cheeseburgers sold than hamburgers. How many hamburgers were sold on Saturday? ... ?
Answers (1)
Find the GCF of 38m and 57n ... A) 9mn. B) 19mn. C) 19
Answers (2)
What is 345.6 in expanded form
Answers (2)
The volume of a cylinder is 375π cm3. The height is 15 cm. What is the radius of the cylinder?
Answers (1)
The number of cars sold at a dealership over several weeks is given below. 14, 23, 31, 29, 33 What is the standard deviation for this set of population data?
Answers (1)