Your Coin Collection Contains Fifty 1952 Silver Dollars If Your Grandparents Purchased Them For Their Face Value When T 1 (28.92 KiB) Viewed 10 times
Your Coin Collection Contains Fifty 1952 Silver Dollars If Your Grandparents Purchased Them For Their Face Value When T 2 (46.73 KiB) Viewed 10 times
Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2065, assuming they appreciate at an annual rate of 4.8 percent? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value of collection
You have just made your first $5,000 contribution to your individual retirement account. Assume you earn a 10.2 percent rate of return and make no additional contributions. a. What will your account be worth when you retire in 40 years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you wait 10 years before contributing? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. b. Answer is complete but not entirely correct. Account value Account value S $ 395,495.00 149.735.88
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