subject
Mathematics, 04.09.2021 15:30 hrijaymadathil

G and L will be retiring in four years and would like to buy a retirement house. They estimate that they will need $550,000 at the end of four years to buy this house. They want to make four equal annual payments into an account at the end of each year. If they can earn 8% on their money, compounded annually, over the next four years, how much must they invest at the end of each year for the next four years to have accumulated $550,000 by retirement?

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:00
Acircle has a diameter will endpoints of (-2,8) and (6, 4). what is the center of the circle
Answers: 1
question
Mathematics, 21.06.2019 18:30
Isuck at math ; ^; m a student solved this problem and said the answer is 3 feet. chase had a roll of ribbon that contained 7 7/8  feet of ribbon. he cut off one piece that was 3 5/8  feet long and another piece that was 1 1/4  feet from the roll. how much ribbon was left on the roll? is the student's answer reasonable? yes, the answer is reasonable. no, the answer is not reasonable. it should be about 2 feet. no, the answer is not reasonable. it should be about 13 feet. no, the answer is not reasonable. it should be about 4 feet.
Answers: 1
question
Mathematics, 21.06.2019 21:30
Due to a packaging error, 4 cans labeled diet soda were accidentally filled with regular soda and placed in a 12 pack carton of diet soda. two cans were randomly selected from this 12 pack. what is the probability that both cans were regular soda?
Answers: 2
question
Mathematics, 21.06.2019 22:00
5. (03.02)if g(x) = x2 + 3, find g(4). (2 points)1619811
Answers: 1
You know the right answer?
G and L will be retiring in four years and would like to buy a retirement house. They estimate that...
Questions
question
Mathematics, 19.08.2021 22:10
question
Mathematics, 19.08.2021 22:10
question
Social Studies, 19.08.2021 22:10