For the past 5 years, Frank and Peggy have deposited $15,000 in a retirement account with a simple interest rate of 7%. They pla

Question

3 years ago

14

For the past 5 years, Frank and Peggy have deposited $15,000 in a retirement account with a simple interest rate of 7%. They pla

n 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.

Mathematics

2 answers:

VMariaS [17] · Answer 1 · 2022-04-19T17:41:57+03:00

VMariaS [17]3 years ago

8 0

next 25 years addition of 1050x25 = $26250 they

will get

natka813 [3] · Answer 2 · 2022-04-19T19:45:12+03:00

natka813 [3]3 years ago

6 0

The answer i got was $26,250