subject
Mathematics, 03.06.2020 12:59 maddihamidou

Joseph has been working as a doctor for 5 years now and figures that he better start saving for his retirement. His annual salary is $200,000. He speaks with a financial advisor who
advises him to contribute 20% of his annual salary to a retirement account each year. The
advisor informs him of an account that pays 2.3% annual interest compounded annually.
Joseph at the age of 35 decides to do it.
A) How much money will Joseph have in the account when he retires at 65?
B) How much will he have earned in interest?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 21:30
Due to bad planning, two of the local schools have their annual plays on the same weekend. while 457 people attend one, and 372 attend the other, only 104 people were able to attend both. how many people went to at least one play?
Answers: 1
question
Mathematics, 21.06.2019 23:00
Atriangle in the coordinates of (2,3), (-4,5) and (-2,4) it is translated 3 units down. what are it’s new coordinates
Answers: 1
question
Mathematics, 22.06.2019 02:30
Jonah buys a television that costs $445. sales tax in his state is 7 percent. which of the following expressions represent the amount of tax on the television?
Answers: 3
question
Mathematics, 22.06.2019 03:20
The height of a box can be found by dividing its volume by the area of its base,bottom.what is the height of a box that has a volume of 26.35 cubic centimeter and a base area of 4 1/4 square centimeter?
Answers: 1
You know the right answer?
Joseph has been working as a doctor for 5 years now and figures that he better start saving for his...
Questions
question
Mathematics, 23.09.2019 19:00
Questions on the website: 13722363