Mathematics, 18.07.2019 00:30, aclm2001

Assume that you will begin saving for retirement at age 24 by investing $3000 per year for the next 42 years. each year you will increase your annual deposit by 5%. therefore at age 25 you will invest 1.05times3000 = $3150 and at age 26 you will invest 1.05times3150 = $3308, etc. if your investment has an expected return of 8% determine your expected nest egg after your final payment. if an alternative and less risky investment has expected returns of 3.0% determine your expected nest egg after your final payment. what could happen that would cause you to choose one investment over the other, other than based on the calculated future value.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 19:00, vale2652

Write and solve a real word problem that involves determining distance on a coordinate plane

Answers: 1

continue

Mathematics, 21.06.2019 22:30, lamooothegoat

The pair of coordinates that do not represent the point( 5,150’) is a. (5,-210) b. (5,210) c. (-5,330) d. (-5,-30)

Answers: 1

continue

Mathematics, 21.06.2019 23:00, karyme12

I'm at a bookstore with $\$35$ in my pocket and a $20\%$-off coupon. what is the cost of the most expensive book i can buy with my money and the coupon? (assume that there are books of every possible price in the bookstore. it's a large bookstore! )

Answers: 1

continue

Mathematics, 21.06.2019 23:00, rosier2230

Someone answer this asap for the length, in feet, of a rectangular rug is represented by the expression 5x² + 2x. the width, in feet, is represented by the expression 3x². which expression represents the perimeter, in feet, of the rug? a. 8x² + 2x b. 8x² + 4x c. 16x² + 2x d. 16x² + 4x

Answers: 2

continue

Do you know the correct answer?

Assume that you will begin saving for retirement at age 24 by investing $3000 per year for the next...