Question: Need some help with these math questions, thanks! 5. [l1.25 Points] HARMATHAP11 6.3.013. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER If $4500 is deposited at
Need some help with these math questions, thanks!
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5. [l1.25 Points] HARMATHAP11 6.3.013. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER If $4500 is deposited at the end of each quarter in an account that earns 5% compounded quarterly, after how many quarters will the account contain $60,000? (Round your answer UP to the nearest quarter.) quarters 6. [-l1.25 Points] HARMATHAP11 6.3.015. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Twins graduate from college together and start their careers. Twin 1 invests $2000 at the end of each year for 10 years only (until age 38) in an account that earns 8%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 8% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)? (Round your answer to the nearest cent.) $: 7. [l1.25 Points] HARMATHAP11 6.3.016. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER (a) Patty Stacey deposits $2400 at the end of each of 5 years In an iRA. If she leaves the money that has accumulated In the IRA account for 25 additional years, how much Is In her account at the end of the 30-year period? Assume an Interest rate of 6%, compounded annually. (Round your answer to the nearest cent.) 5 (b) Suppose that Patty's husband delays starting an IRA for the rst 10 years he works but then makes $2400 deposits at the end of each of the next 15 years. if the interest rate is 6%, compounded annually, and if he leaves the money in his account for 5 additional years, how much will be in his account at the end of the 30-year period? (Round your answer to the nearest cent.) s: (c) Does Patty or her husband have more IRA money? 0 Patty O Patty's husband 8. [-I1.25 Points] DETAILS HARMATHAP12 6.3.017. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Find the future value of an annuity due of $5,000 paid at the beginning of each 5-month period for a years if the interest rate is 3%, compaunded semiannuaiiy. (Round your answer to the nearest cent.) $ : Need Help
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