A young woman 22 years old has just graduated from college. She accepts a good job and desire to establish her own retirement fund. At the beginning of each year thereafter she plans to deposit P2,000 in a fund at 15% annual interest. How old will she when the fund has an accumulated value of P1,000,000

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A: We have to find

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A: Given  Principal = $25000 rate = 2.3% compounded weekly time=10 years

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Q: 3. Madison currently has $72,345 in her retirement account, and her goal is to have at $120,000 in…

A: Given that: Money present, P=$72345Money required in future, F=$120000Rate of interest = 3.5%

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A: Given, Invested amount=7000$ rate of interest= 3.4% No of years=5  Investment after 5 years =?

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A: Thanks for the question :)And your upvote will be really appreciable ;)

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A: We have coupon rate =8% Coupon Amount = face value×coupon rate=$1000×0.08=$80 Total return = (Income…

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A: Given that n = 12 years d (amount added every month)= $110

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Q: Mrs. Vicky Guevarra deposited P18, 500 in a saving account on June 30, 2017 at a rate of 6%…

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A: Let a=5000 q1=1+4.71001/12      q1=1.0471/12q1=1.0038 q2=1+7.31001/12q2=1.0731/12q2=1.0059

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A: Given that, Bree has accumulated $151578.48 in her retirement savings plan. She wants to purchase an…

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Q: h into a Stock mutual fund that d yearly over 25 years. utual fund after the 25 years?

A: