Marquel's employer contributes $1,000 semi-annually to his retirement account, which earns 13% interest that is compound

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Marquel's employer contributes $1,000 semi-annually to his retirement account, which earns 13% interest that is compound

Post by answerhappygod »

Marquel's employer contributes $1,000 semi-annually to his
retirement account, which earns 13% interest that is compounded
monthly. How much money will be in his retirement account at the
end of 40 years?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”