Question: BUSINESS MATH PLEASE ANSWER CORRECTLY! In order to accumulate $1,000,000 after 35 years, calculate the amounts that must be invested at the end of each

BUSINESS MATH

PLEASE ANSWER CORRECTLY!

BUSINESS MATH PLEASE ANSWER CORRECTLY! In order to accumulate $1,000,000 after 35years, calculate the amounts that must be invested at the end of

In order to accumulate $1,000,000 after 35 years, calculate the amounts that must be invested at the end of each month if the invested funds earn 10% compounded semiannually. Multiple Choice $677.70 $1,239.82 $277.47 $892.65 Josiah has received his first job and decides to invest $2300 at the end of every 3 months. If his investment can earn 1.85% compounded monthly, how much will his investment be worth 7 years from now? Multiple Choice $78,293.69 $53,232.17 $68,593.64 $36,363.63

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!