You are currently 25 and want to retire at age 55. You can afford to put $1000 into a 401(k) each month that earns 7.5% interest. How much will
be in your retirement account when you retire?

1/2*qr*rs

step-by-step explanation:

you save $70

discount would be 35% off

step-by-step explanation:

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;