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sineoko [7]
3 years ago
6

Suppose you want to accumulate $ 150,000 for your retirement in 30 years. You want

Mathematics
1 answer:
Flura [38]3 years ago
8 0

Answer:

$61,500

Step-by-step explanation:

$61,500

x

4.8% (.048)

=

$2952 yearly

x

30 years

=

$88,560

+

Initial Deposit of $61,500

=

$150,060

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Answer:

A = 236,000 (1.04)^t

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Step-by-step explanation:

Hi, to answer this question we have to apply an exponential growth function:  

A = P (1 + r) t  

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