Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year for the next 10 years. How much will she have in the account in 10 years, if the account averages a 7% annual return? Submit Question %24

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each
year for the next 10 years. How much will she have in the account in 10 years, if the account
averages a 7% annual return?
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Transcribed Image Text:%24 Francine currently has $70,000 in her 401k account at work, and plans to contribute $8,000 each year for the next 10 years. How much will she have in the account in 10 years, if the account averages a 7% annual return? Submit Question O Type here to search a. # 直 o dy esc f4 f6 米 gej caps lock
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