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Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. What is the account balance at the end of the 14 years? Round your answer to the nearest cent. 430 INTENSIVE QUANT How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? How much of the money in the account at the end of the 14 years is interest? Round your percentage to one decimal place. NOR10SA-900), Sum What percentage of the account balance after 14 years is interest? Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage.

Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. What is the account balance at the end of the 14 years? Round your answer to the nearest cent. 430 INTENSIVE QUANT How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? How much of the money in the account at the end of the 14 years is interest? Round your percentage to one decimal place. NOR10SA-900), Sum What percentage of the account balance after 14 years is interest? Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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4 AMP we 15a.eju/ρωποduos Safari File Edit View History Bookmarks Window Help $ <> Saving Money - 22/SU INTENSIVE QUANT REASONING (105A-900) Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. $ $ What is the account balance at the end of the 14 years? Round your answer to the nearest cent. How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? webassign.net How much of the money in the account at the end of the 14 years is interest? What percentage of the account balance after 14 years is interest? Round your percentage to one decimal place. % "p WWA Finance 1 -Saving Money and Earning Interest - 22/SU INTENSIVE QUANT REASONING(1054-900), Sum.... . .- Thu Ju Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage. TUES
Transcribed Image Text:4 AMP we 15a.eju/ρωποduos Safari File Edit View History Bookmarks Window Help $ <> Saving Money - 22/SU INTENSIVE QUANT REASONING (105A-900) Assume you put $600 per month into a retirement account for 14 years, and the account has an APR of 3.02% compounded monthly. $ $ What is the account balance at the end of the 14 years? Round your answer to the nearest cent. How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? webassign.net How much of the money in the account at the end of the 14 years is interest? What percentage of the account balance after 14 years is interest? Round your percentage to one decimal place. % "p WWA Finance 1 -Saving Money and Earning Interest - 22/SU INTENSIVE QUANT REASONING(1054-900), Sum.... . .- Thu Ju Hint: The percentage of interest in the account is equal to the amount of the account balance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage. TUES
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