document.write( "Question 1073381: Abby invested €8000 at the of each year for 45 years (until age 70) in an account that pays 15% compounded annually
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document.write( "Calculate how much Abby will have at age 70 \n" );
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Algebra.Com's Answer #688253 by addingup(3677)![]() ![]() You can put this solution on YOUR website! 8000 at the ???? of each year for 45 years in an account that pays 15% \n" ); document.write( "Pray tell, at the beginning or the end of each year? \n" ); document.write( "------------------------------- \n" ); document.write( "Since you don't say if the investment is made at the beginning or the end of the year, I will assume it's at the end of the year: \n" ); document.write( "8000[((1+0.15)^45)-1]/0.15 = 28,681,027.68 \n" ); document.write( " |