Question: Please show simple steps How much will Christina have when she retires if she retires in 7 years, invests $30,100.00 per year for 7 years,
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How much will Christina have when she retires if she retires in 7 years, invests $30,100.00 per year for 7 years, and she makes her first annual contribution immediately to an account that earns 9.59 percent per year?(Round the value to 100th decimal)
Selected Answer: 281991.59
Correct Answer: 309,034.58
Answer range +/- 618.06916 (308416.51084 - 309652.64916 )
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Question 2
0 out of 10 points
How much will Judy have when she retires if she retires in 6 years, invests $29,800.00 per year for 6 years, and she makes her first annual contribution today to an account that earns 8.09 percent per year and currently has $19,300.00 in it?(Round the value to decimal places)
Selected Answer: 188327.31
Correct Answer: 267,613.36
Answer range +/- 535.22672 (267078.13328 - 268148.58672 )
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