![kmshacklette9879](/avatars/1886.jpg)
kmshacklette9879
28.03.2021 •
Mathematics
Kenneth started saving for retirement at age 40 with plans to retire at age 70. He invested an average of $400 per month in various securities, with an average annual return of 7% adjusted for inflation. Assuming monthly compounding, how much has Kenneth saved at the start of retirement?
A. $487,988.40
B. $720,421.84
C. $37,784.31
D. $556,559.83
I got A but I wanted to make sure if I was correct, could someone help me?
Solved
Show answers
More tips
- A Auto and Moto Discovering the Leader: What is the Most Expensive Car in the World?...
- H Health and Medicine Hangover: How to Get Rid of It Quickly?...
- S Style and Beauty How to Choose the Right Fur Coat and Avoid Regrets?...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Mathematics
- M Mathematics How many times can this figure me rotated ? And what’s the angle of rotation...
- S Social Studies Aman was being treated for drug addiction. he was exposed repeatedly to drug paraphernalia, the people, money--all of things that he had learned to associate with the...
- B Business An environmental lawyer is not part of the Energy cluster. True or False for K12...
- M Mathematics On a number line 8.29 would be located choose all answers that make the statement true A)between 8 and 9 B) between 8.2 and 8.3 C) to the right of 8.39 D) between 8.28...
- B Business What is defined by an organization s mission statement? A. A comprehensive list of the organization s budgets, schedules, and milestones B. How the organization differs...
- M Mathematics Take a look a the box plot below. What is the median number? 15 11 6 3...
Ответ:
75$
Step-by-step explanation: