she leaves the money in this mutual fund how much will she have 13 years after the inheritance? Round your answer to the nearest cent.
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A woman inherits $30,000 and decides to put it into a savings account
that earns interest compounded monthly at an annual rate of 3%. After 4 years
she decides to move the money in the savings account to a mutual fund that earns
10% compounded daily. If she leaves the money in this mutual fund how much
will she have 13 years after the inheritance? Round your answer to the nearest
cent.
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- Sue wants to leave her grandson a nice inheritance. She has decided to deposit $350.00 each month into an ordinary annuity that earns 4.1% compounded monthly. How much will be in the account after 19 years? Round your final answer to the nearest cent. Assume the interest rate stays the same while the account is open. Future Value What is the sum of all of Sue's deposits? Round your final answer to the nearest cent. Total Deposited How much interest, in total, did her account earn? Round your final answer to the nearest cent. InterestA 40-year-old woman decides to put funds into a retirement plan. She can save $1,000 a year and earn 7 percent on this savings. How much will she have accumulated if she retires at age 65? Use Appendix C to answer the question. Round your answer to the nearest dollar.$ At retirement how much can she withdraw each year for 20 years from the accumulated savings if the savings continue to earn 7 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar.$A 40-year-old woman decides to put funds into a retirement plan. She can save $3,000 a year and earn 7 percent on this savings. How much will she have accumulated if she retires at age 65? Use Appendix C to answer the question. Round your answer to the nearest dollar.$ At retirement how much can she withdraw each year for 25 years from the accumulated savings if the savings continue to earn 7 percent? Use Appendix D to answer the question. Round your answer to the nearest dollar.$ Appendix C
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- Holly Krech is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payout of $1,900 per month for twenty years. (a) How much money must she deposit if her money earns 7.8% interest compounded monthly? (Round your answer to the nearest cent.)___________ $ (b) Find the total amount that Holly will receive from her payout annuity. Thank you!Millie has inherited $4500 and has the choice between two options to invest her money. The first option will compound the interest quarterly at 4.5%. She will be able to retrieve the money after six years. The second option will compound the interest continuously at 6%. She will be able to retrieve the money after four years. How much money will be in each account by the time she can retrieve it? Which would be the better option for her to use?Sara decides to set up a retirement fund by depositing $24 at the end of each day for 13 years. How much will she have then, if the interest rate is 6.48% compounded weekly and her account starts with $13487 already deposited?