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meriva
3 years ago
7

Bill johnson deposits $3,000 a year into her retirement account. if these funds have an average earning of 8 percent over the 40

years until her retirement, what will be the value of her retirement account?
Business
1 answer:
maw [93]3 years ago
4 0
<span>yearly deposit amount : $ 3000. present value of an annuity: 259.060 $3,000 Ă— 259.060 = $777,180. the value of her retirement account= $777,180.</span>
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The correct option is C.

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<h3 /><h3>Total cost</h3>

Using this formula

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Let plug in the formula

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