Answer:
option 2
Step-by-step explanation:
Answer:
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I believe that on the shape is length times the width which is 56
The amount of money that John would have in his account when he is ready to retire is $6,351,400.21.
<h3>How much would be in the retirement account?</h3>
The formula that can be used to determine the future value of the annuity is
Future value = Daily deposit x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 3.5 / 365 = 0.0096%
- n = (65 - 48) x 365 = 6205
Annuity factor = [(1.000096^6205) - 1] / 0.000096 = $8468.53
Future value = 750 x $8468.53 = $6,351,400.21
To learn more about annuities, please check: brainly.com/question/24108530
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Step-by-step explanation:
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