You deposit $ 1,731 each year into an IRA earning 2.8 % interest compounded annually. How much

Fantastic news! We've Found the answer you've been seeking!

Question:

You deposit $ 1,731 each year into an IRA earning 2.8 % interest compounded annually. How much will you have in the account in 6 years?

$___________ (Round to 2 decimal places if necessary)

Related Book For answer-question

Basic Business Statistics Concepts and Applications

ISBN: 978-0132168380

12th edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

See More Books

Posted Date: Oct 03, 2020 09:50 PM

See More Questions

An oil and gas companys value is tied to two fundamental facts. The first is the amount of oil and gas the company is presently producing. This amount, along with unit prices, determines the revenue...
Oil and gas companies must disclose quantity estimates for proved oil and gas reserves and the major factors causing changes in these resource estimates. Briefly indicate why this disclosure can be...
The Energy Information Administration reported the following sources of electricity in the United States in 2008: SourceNet Electricity Generation of Electricity(millions of megawatt-hours)...
Hakeem purchased some Apple iPhone. To make a profit he decides to use the formula below profit = iPhone cost * 2.5 Create 2 function. Main() Have the while loop call the profitcalc() and request if...
Environmental Science & Technology (Jan. 2005) reported on a study of the reliability of a commercial kit to test for arsenic in groundwater. The field kit was used to test a sample of 328...
At the end of the current year, the accounts receivable account has a debit balance of $2,700,000 and sales for the year total $32,400,000. Determine the amount of the adjusting entry to provide for...
Recall that the randomization test for the data in Example 3.5 fails to find evidence of a significant increase in the amount of wear with material B. Does this mean that material B has equivalent...
Roberta Santos, age 41, is single and lives at 120 Sanbome Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for...
Consider a reservoir filled with water of uniform density po and subject to the gravi- tational force. One side of the reservoir is confined by a dam wall of height h and width W, as shown in the...
Hemming Company reported the following current-year purchases and sales for its only product. Date Activities January 11 Beginning inventory. January 10 Sales March 14 March 151 July 30 October 5...
Last year Attic charged $3,164,000 Depreciation on the Income Statement of Andrews. If early this year Attic purchased a new depreciable asset, the effect on Andrews's financial statements would be...
Sketch the Isometric view of one of the following orthographic drawings. Your drawing should take up at least 4 of a page. You may use any grid or blank paper. Please label your drawing with the...
Consider a household that is born with no assets and lives for two periods (call them "young" and "old"). The household is endowed with 1 unit of time in each period of life, which it can spend as...
4. Steel Clad Cookware (20 points) Steel Clad Cookware produces 5 different types of pans and skillets: Chef's Pans, Saut Pans, Deep Skillets, French Skillets, and Nonstick Skillets. Each of these...
EXHIBITS Statement of Financial Position Item The statement of financial position of NFP entity XYZ for the year ended December 31, 20X2, requires certain adjustments. The following items relate to...
Using pivot table and gender as filter, prepare separate brand switching matrices for men and women. Brand Switching matrix for men Next Brand Current Brand Apple LG None Apple LG None Other Samsung...
1. Suppose you think Wal-Mart stock is going to appreciate in the next year. Current price is $100, and the call option expiring in one year has an exercise price, X, of $100 and is selling at a...
For each of the following reactions, express the equilibrium constant: a) H20 (I) H2 (g) + 02 (g) Ke = 1.0x107 b) Fe2 (g) 2F (g) Ke= 4.9 x 10-21 c) C (s) + O2 (g) d) H2 (g) + C2H4 (g) C2H6 (g) Ke =...
In Problem 13.7 on page 531, you used the number of customers to predict the waiting time on the checkout line. The data are stored in Supermarket. Use the results of that problem. a. At the 0.05...
In Example 4.10 on page 164, suppose that the probability that a medical diagnostic test will give a positive result if the disease is not present is reduced from 0.02 to 0.01. a. If the medical...
A Gallup poll indicated that 20% of Americans had confidence in U.S. banks. Interestingly, 58% also said that they had confidence in their main or primary bank. (data extracted from D. Jacobs,...
Consider the homogeneous bar, of negligible cross section, mass $M=1.333 \mathrm{~kg}$ and length $L=60.0 \mathrm{~cm}$ in Fig.12.19 . It is constrained to rotate in a vertical plane about its...
A projectile of mass $m=2.5 \mathrm{~kg}$ is shot tangentially (see Fig.12.19) at the edge of a ring having radius $R=50 \mathrm{~cm}$ and whose mass is equal (within measurement errors) to that...
A homogeneous disk, having mass $M=2.50 \mathrm{~kg}$ and radius $R=15.0 \mathrm{~cm}$, can rotate, without friction, about a fixed horizontal axis, passing through the point $\mathrm{O}$ of...

You deposit $ 1,731 each year into an IRA earning 2.8 % interest compounded annually. How much

Question:

Expert Answer:

Ans we have given deposit a Principal P 1731 rate r 28 tim... View the full answer

Basic Business Statistics Concepts and Applications

Students also viewed these chemical engineering questions