Math question for homework

Jul 22nd, 2015
Anonymous
Category:
Mathematics
Price: \$5 USD

Question description

If x dollars is deposited every four weeks (13 times a year) into an account paying an annual interest rate r, expressed in decimal form then the amount An=[(1+r/13)13n-1 all divided by r/13] if a retirement account pays 8% annual interest, determine how much a 20 year old worker would have to deposit in this account every 4 weeks in order to have a million dollars at age 65

(Top Tutor) Ankit P
School: UC Berkeley

Studypool has helped 1,244,100 students

Review from student
Anonymous
" Awesome! Exactly what I wanted. "

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors