Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

8. Jimmy invested $200 in a retirement account that
had a rate of 20% that compounds annually. If
Jimmy leaves his money puts the money in when he
is 24 and takes it out when he is 64, how much
money will be in his account rounded to the nearest
dollar?
a) $293954.31
b) $29395
c) $293954

Sagot :

ismail096992

Answer:

A because u do 200(1+20/100)^40 the 40 is from 64-24 to get the no of years he kept in the money
The answer is A bc that’s how many dollars there is
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.