subject

Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50. Cindy begins her retirement fund at age 20, depositing the same $1,000 per month amount until age 50. Both Melvin and Cindy earn 5 percent annual interest on their funds, and there are no tax considerations in this problem. Based on the provided information and assuming they retire at age 50, Cindy will have over 50 percent more than Melvin.

ansver
Answers: 3

Another question on Advanced Placement (AP)

question
Advanced Placement (AP), 23.06.2019 07:00
Demonstrate how to keep the workplace neat and in order?
Answers: 1
question
Advanced Placement (AP), 23.06.2019 19:20
Do you want free brainliest and free points? answer this drivers ed question correctly and ill give you both : ) how can you count following distance? a. look for a moving object and count the seconds it takes for you to pass it after the car you are following has passed it. b. look for a stationary object and count the seconds it takes for you to pass it after the car you are following has passed it. c. look for the rear wheels of the car in front and count the number of rotations. d. look for the stripes on the road and count them as you pass by.
Answers: 2
question
Advanced Placement (AP), 25.06.2019 07:00
When the blood leaves the atria (upper chambers) where does it flow to? a. aorta b. lungs c. ventricles d. rest of the body
Answers: 1
question
Advanced Placement (AP), 25.06.2019 19:10
If a system of linear equations has the unique solution (2, −3), then its graph consists of what? parallel lines lines that intersect at a single point identical lines a y-intercept at −3
Answers: 1
You know the right answer?
Melvin begins his retirement fund at age 30, depositing $1,000 per month until age 50. Cindy begins...
Questions
question
Advanced Placement (AP), 19.05.2020 16:25
Questions on the website: 13722361