b. Nick received an inheritance check for $30,000 from his beloved uncle 10 years ago and deposited the entire amount into his retirement fund earning 7.1% interest compounded weekly. How much has this amount accumulated in the retirement account?

What is the current balance in Nick's retirement fund?

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(Complex annuity) Upon graduating from college 30 years ago, Dr. Nick Riviera was already thinking of retirement. Since then, he has made deposits into his retirement fund on a quarterly basis in the amount of $450. Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned 7.1% interest compounded quarterly. a. How much has Nick accumulated in his retirement account? b. In addition to all this, 10 years ago, Nick received an inheritance check for $30,000 from his beloved uncle. He decided to deposit the entire amount into his retirement fund. What is his current balance in the fund? a. Since graduating from college 30 years ago, Dr. Nick Riviera has made deposits into his retirement fund on a quarterly basis in the amount of $450. If his retirement fund has earned 7.1% interest compounded quarterly, how much has Nick accumulated in his retirement account? (Complex annuity) Upon graduating from college 30 years ago, Dr. Nick Riviera was already thinking of retirement. Since then, he has made deposits into his retirement fund on a quarterly basis in the amount of $450. Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned 7.1% interest compounded quarterly. a. How much has Nick accumulated in his retirement account? b. In addition to all this, 10 years ago, Nick received an inheritance check for $30,000 from his beloved uncle. He decided to deposit the entire amount into his retirement fund. What is his current balance in the fund? a. Since graduating from college 30 years ago, Dr. Nick Riviera has made deposits into his retirement fund on a quarterly basis in the amount of $450. If his retirement fund has earned 7.1% interest compounded quarterly, how much has Nick accumulated in his retirement account?

Answer rating: 100% (QA)

a FVOrdinary Annuity C1 in11 C Cash flow per period i interest rate n number of ... View the full answer