Posted: September 4th, 2023
Lormor plan to save $8,000 each of the next 35 years
Lormor plan to save $8,000 each of the next 35 years, and invest that money in an account that pays 9% annual interest. In addition, he plan to pay for his childâs college education beginning in 20 years. Lormor expect that education to cost $30,000 per year for four years. To pay for the education, he will simply withdrawal money from your investment account. In addition, a long-lost relative recently died, leaving you $50,000. A timeline depicting this situation follows.Date01-1920-2323-35Deposits$50,000$8,000$8,000$8,000Withdrawals$30,000How much money will he have just after you make your last deposit 35 years from today?
Order | Check Discount
Tags:
Ace My Homework: Essay Help,
Assignment Help: USA's #1 Online Assignment Writing Service,
Do My Assignment for Me Online - Write Academic Papers,
Reliable Online Homework Help For You,
UK Homework Study Bay: Assignment Homework Help & Homework Answers,
Write My Assignments AU - Online Assignment Maker - Writing Services
Sample Essays, Assignments & Research Topics Ideas