a.You are 45 years old and want to start saving for your retirement.Suppose you open an account today

[ad_1]

a.    You are 45 years old and want to start saving for your retirement.  Suppose you open an account today

Don't use plagiarized sources. Get Your Custom Essay on
a.You are 45 years old and want to start saving for your retirement.Suppose you open an account today
Just from $13/Page
Order Essay

with a $10,000 cash deposit and then invest $2,000 at the end of each year for the next 20 years at an annual rate of 10% compounded annually.    How much money will you have in the account at the end of 20 years?  

b.    One year after your last deposit is made in part (a) you begin withdrawing money from the account. You make equal withdrawals ($X) at the end of each year for a total of 15 years.  What is the maximum value of the annual withdrawal ($X) if the annual interest rate is 10%?  

Show more



[ad_2]

Source link

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 15% with the discount code BANANA