Suppose you are given a $1000 graduation gift from your grandparents at age 20. You consult and advisor and decide to invest this money for retirement over the next 45 years in an account that pays 8%

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Sal Aldana asked Jan 20, 2022

337,482 views

18 votes

Suppose you are given a $1000 graduation gift from your grandparents at age 20. You consult and advisor and decide to invest this money for retirement over the next 45 years in an account that pays 8% interest compounded continuously.What will be the value of this account when you retire in 45 years?

Mathematics
high-school

Sal Aldana asked Jan 20, 2022

by Sal Aldana

2.5k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

1 Answer

21 votes

Answer: divide and add

Explanation:

Nasir Taha answered Jan 24, 2022

by Nasir Taha

3.1k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions