Question: please answer this questions for me with the work shown. thank you 3. You decide you want your child to be a millionaire. You have

please answer this questions for me with the work shown. thank you

3. You decide you want your child to be a millionaire. You have a daughter today, and you deposit $85,000 in an investment account that earns 9% per year. The money in the account will be distributed to your daughter whenever the total reaches $2,750,000. How old will your daughter be when she gets the money (rounded to the nearest year)

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!

Please answer these questions with work included. Thank you 1. Jamie lends a friend $15,000, for which her friend will repay him $32,000 at the end of 10 years. What interest rate is Jamie charging...

Using the case study "ABC Company"provided and the articles "Bias Has No Place at Work" Please answer the questions. Thanks! ABC Corporation is an electronic device company selling cellular phones...

IN REGARDS TO THESE CASES FILES: Using the information on the intake forms and client interview, draft a no-fault divorce complaint. To:File From: Marla Rosenbaum Re:Initial Interview with Potential...

Using the information on the intake forms and client interview, what is a no-fault divorce complaint for this case To:File From: Marla Rosenbaum Re:Initial Interview with Potential New Divorce Client...

IN REGARDS AND REVIEWING THE CASE FILES BELOW: To:File From: Marla Rosenbaum Re: Initial Interview with Potential New Divorce Client Maria Cantares Date: March 18, 2013 I met with a potential new...

IN REGARDS O THE CASE FILES BELOW: To:File From: Marla Rosenbaum Re: Initial Interview with Potential New Divorce Client Maria Cantares Date: March 18, 2013 I met with a potential new divorce client...

please answer the questions Interview Notes Karen's husband, Fred, moved out of their family home in April of 2021. She has not heard from him since, Karen and Fred are not legally separated. Karen...

please answer all questions KATHI AND DARRIN LOVETTE BACKGROUND Kathi and Darrin Lovette, both age 63, have been married for 40 years, are both in good health, and they are citizens and residents of...

The following unadjusted trial balance was extracted from the books of Carols Trading Company at December 31, 2017, the end of the companys fiscal year. The company is owned by Carol Williams who...

You have completed your degree, successfully passed your CPA exam, gained the necessary experience and obtained your CPA license. Congratulations! After gaining management experience and careful...

As of December 3 1 , 2 0 2 2 , what percentage of Netflix s content obligations is considered off balance sheet i . e . , not reflected on the balance sheet?

tion 24 Sales revenue for the last year of Perfect Engineering FZC was $250,000. t Fed out of The following data are from the accounting records of last year: Gross Accounts receivable decrease...

In-house unions. It is difficult to go against trade union traditions in the host country, and normally Japanese subsidiaries adapt to local conditions in this respect.

Job rotation. This is used extensively in Japan in order for employees to get to know a variety of jobs, and to build a network of relations that help people succeed in managerial positions. Yet in...

Lifetime employment. It may be that European employees do not want lifetime employment in a Japanese company, if it means accepting all the other aspects that go with it, such as promotion by...