Art Dull recently set up a TDA to save for his retirement. He arranged to have $60 taken out of each of his biweekly checks; it will earn 9 1 8% interest. He just had his 26th birthday, and his ordinary annuity comes to term when he is 65. Find the following. (Round your answers to the nearest cent.) (a) The future value of the account (b) Art's total contribution to the account (c) The total interest
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
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Art Dull recently set up a TDA to save for his retirement. He arranged to have $60 taken out of each of his biweekly checks; it will earn
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interest. He just had his 26th birthday, and his ordinary annuity comes to term when he is 65. Find the following. (Round your answers to the nearest cent.)
(b) Art's total contribution to the account
(c) The total interest
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