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Sliva [168]
3 years ago
11

ou plan to deposit $5,900 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much will

you have in your account if you make deposits for 20 years
Business
1 answer:
Furkat [3]3 years ago
6 0

Answer:

$326,622.73

Explanation:

Calculation to determine How much will you have in your account if you make deposits for 20 years

Using this formula

Future value = Annuity × {( 1 + interest rate) ^ time period - 1} ÷ interest rate

Future value = $5,900 × {( 1 + 0.097 ^ 20 years - 1} ÷ 0.097

Future value= $5,900 × 55.3597842916

Future value= $326,622.73

Therefore the amount you will have in your account if you make deposits for 20 years is $326,622.73

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Explanation:

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Answer:

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3 years ago
The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed i
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Answer:

The answer is 20.55 days

Explanation:

Solution

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