Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year for the next 15 years. How much will she have in the account in 15 years, if the account averages a 5% annual return? Submit Question
Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year for the next 15 years. How much will she have in the account in 15 years, if the account averages a 5% annual return? Submit Question
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Transcribed Image Text:Francine currently has $70,000 in her 401k account at work, and plans to contribute $6,000 each year for
the next 15 years. How much will she have in the account in 15 years, if the account averages a 5% annual
return?
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