Travis deposited $10,000 into a retirement account today. He expects to earn 8 percent compounded annually on his money over the next 25 years. After that, it wants to be more conservative, so it expects to earn only 5 percent compounded annually. When he retires 35 years from now, how much money will he have in his account, assuming that's the only deposit he makes?

Twelve years ago, you deposited $3,400 into an account. Seven years ago, you added an extra $1,000 to this account. You earned 6 percent compounded annually for the first 5 years and 4.5 percent compounded annually for the last 7 years. How much money do you have in your account today?

When you were born, your parents opened an investment account in your name and deposited $5,000 into the account. The account generated an average annual return of 4.8 percent. The value of the account today is $136,911.22. How old are you?

Answer rating: 100% (QA)

1 To calculate the amount of money Travis will have in his retirement account after 35 years we can ... View the full answer