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,

  • 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, 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 )

  • 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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