You are planning to invest $2,000 in an account earning 10% per year for retirement. If you put the $2,000 in an account at age 23, and withdraw it 44 years later, how much will you have? If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? If you put the $2,000 in an account at age 23, and withdraw it 44 years later, how much will you have? (Round to the nearest cent.)
You are planning to invest $2,000 in an account earning 10% per year for retirement. If you put the $2,000 in an account at age 23, and withdraw it 44 years later, how much will you have? If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? If you put the $2,000 in an account at age 23, and withdraw it 44 years later, how much will you have? (Round to the nearest cent.)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 35P
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You are planning to invest $2,000 in an account earning 10% per year for retirement. If you put the $2,000 in an account at age 23, and withdraw it
44 years later, how much will you have? If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? If you put the $2,000 in an account at age 23, and withdraw it 44 years later, how much will you have?
(Round to the nearest cent.)
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