SOLUTION: if you can save 7000 by not cashing in an ira now and investing in in an 8% annuity what is thne future value in five years
Algebra.Com
Question 354380: if you can save 7000 by not cashing in an ira now and investing in in an 8% annuity what is thne future value in five years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=7000(1+0.08)^5
A=7000*1.46932
A=10,285.30
RELATED QUESTIONS
An investment will provide you with $100 at the end of each year for the next 10 years.... (answered by Theo)
You have $500,000 in an IRA when you retire. You have the option of investing this money (answered by Mathtut)
1.) A savings account in which people make regular payment amounts to save toward future... (answered by ikleyn)
Mr. Khaild will receive $8,500 a year for the next 15 years from his trust. If a 7... (answered by ikleyn)
This one has me stumped:
The owner of a café plans to open a second location in 8... (answered by Theo)
A young couple wants to have a college fund that will pay $40,000 at the end of each... (answered by jim_thompson5910)
If an individual determines that they would like to retire in 20 years with $500,000 as... (answered by Theo)
The future value of an investment is the value of the investment after a certain period... (answered by nerdybill)
how much do you need to invest per month into an annuity to save $15,000 at 8% annual... (answered by stanbon)