man decides to invest $4000 in an IRA CD at the end of each year for 10 years. If she makes these payments and the certificates all pay 8%, compounded ally, how much will she have at the end of the 10 years? e end of 10 years, the woman will have approximately $ mot round until the final answer. Then round to the nearest cent as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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A woman decides to invest $4000 in an IRA CD at the end of each year for 10 years. If she makes these payments and the certificates all pay 8%, compounded
annually, how much will she have at the end of the 10 years?
At the end of 10 years, the woman will have approximately $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:A woman decides to invest $4000 in an IRA CD at the end of each year for 10 years. If she makes these payments and the certificates all pay 8%, compounded annually, how much will she have at the end of the 10 years? At the end of 10 years, the woman will have approximately $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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