Your sister just deposited $11,000 into an investment account. She believes that she will earn an annual return of 9.9 percent for the next 6 years….

Published by admin at October 5, 2023

Tags

1. Your sister just deposited $11,000 into an investment account. She believes that she will earn an annual return of 9.9 percent for the next 6 years. You believe that you will only be able to earn an annual return of 9 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years?

$593.42

$1,596.40

$519.24

$556.33

$397.86

Your sister just deposited $11,000 into an investment account. She believes that she will earn an annual return of 9.9 percent for the next 6 years….

"Get 15% discount on your first 3 orders with us" Use the following coupon FIRST15

Related posts

a running track measures 1056 ft per lap. to run 15.0 km how many laps should you run? How do you break the equation down into a solution map?

A local magic shop has a monopoly on the production of magic wands. Each customer wants only one magic wand, and the table below shows each…

A machine produces pipes used in airplanes. The average length of the pipe is 16 inches. The acceptable variance for the length is .3 inches. A…

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15