Mathematics, 21.01.2021 20:30 Nov25
You are considering different investment strategies to save for your retirement.
Option 1: you invest $50/month at a rate of 3.5% APR compounded monthly for 35 years Option 2: you invest $150/ quarter at a rate of 4.15% APR compounded monthly for 35 years
Option 3: you invest $4,000 at a rate of 5.5% APR compounded monthly for 35 years.
Complete the table below and answer the questions below it.
Option # Contributions Final Balance Total Interest Earned
1
2
3
1) How did you calculate the contribution for each option? In which option would you contribute the least?
2) Which option yielded the highest amount at the end of the 35 years and what was the basis of the plan
3) What is the difference in the principal invested for the highest and lowest final balances? What is the difference in the interest earned?
4) Is it better to invest more money in the beginning or the end of the 35 years?
Answers: 1
Mathematics, 21.06.2019 19:30
The total ticket sales for a high school basketball game were $2,260. the ticket price for students were $2.25 less than the adult ticket price. the number of adult tickets sold was 230, and the number of student tickets sold was 180. what was the price of an adult ticket?
Answers: 2
Mathematics, 21.06.2019 21:30
Amir wants to proportionally increase the size of a photo to create a poster for his room. the size of the original photo is shown. complete the statement and then answer the question to represent ways that amir can increase the size of his photo.
Answers: 2
Mathematics, 21.06.2019 22:00
If i had 1234 apples and 1 banana what is the total amount
Answers: 2
Mathematics, 22.06.2019 01:20
Consider the image of klmn for the translation (x, y) → (x – 2, y – 1). what is the ordered pair of l′?
Answers: 1
You are considering different investment strategies to save for your retirement.
Option 1: you inve...
English, 20.07.2019 07:50
Mathematics, 20.07.2019 07:50
History, 20.07.2019 07:50
History, 20.07.2019 07:50
Biology, 20.07.2019 07:50
English, 20.07.2019 07:50
Mathematics, 20.07.2019 07:50
Mathematics, 20.07.2019 07:50
Geography, 20.07.2019 07:50
History, 20.07.2019 07:50
Mathematics, 20.07.2019 07:50
Social Studies, 20.07.2019 07:50