Francine currently has $45,000 in her 401k account at work, and plans to contribute $3,000 each year for the next 15 years. How much will she have in the account in 15 years, if the account averages a 6% annual return? Assume only annual compounding. Asnwer = $ (Round to the nearest cent/penny)
Francine currently has $45,000 in her 401k account at work, and plans to contribute $3,000 each year for the next 15 years. How much will she have in the account in 15 years, if the account averages a 6% annual return? Assume only annual compounding. Asnwer = $ (Round to the nearest cent/penny)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Francine currently has $45,000 in her 401k account at work, and plans to contribute $3,000 each year for the next 15 years. How much will she have in the account in 15 years, if the account averages a 6% annual return? Assume only annual compounding.
Asnwer = $ (Round to the nearest cent/penny)
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