Register
Jack decides to invest $300 per quarter into an annuity. How long would he have to keep investing if the annuity is paying 8% annually and he wants to accumulate $10,000?
160k views
25 votes
Jack decides to invest $300 per quarter into an annuity. How long would he have to keep investing if the annuity is paying 8% annually and he wants to accumulate $10,000?

User Danny Sofftie
by
5.1k points

1 Answer

10 votes

Answer:

25.95 quarters which is about 6.5 years

Explanation:

Jack decides to invest $300 per quarter into an annuity. How long would he have to-example-1
User Yasemin
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.5m answers

Other Questions

Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Find the quotient of 3,078 ÷ 27. A) 104 B) 109 C) 114 D) 119
Solve for h 3h=7(2/7-3/7h)-10
Link Copied!