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What will she have in the account in 5 years? She will have $ 411471.83 What will she have in the account in 7 years? She will have $ 411513.59 re24

What will she have in the account in 5 years? She will have $ 411471.83 What will she have in the account in 7 years? She will have $ 411513.59 re24

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Homework 7.3-7.4 Linear and Exponential Models: Attempt review 12/2/21, 10:08 PM Question 6 Incorrect 0.00 points out of 1.00 Round all answers to two decimal places. Linda currently has $387, 648 in a retirement account. Assume her investments will obtain a growth rate of 6 % compounded annually. If she does not put any more into the retirement account, write an equation describing the amount A she will have after T years from now. (Use capital letters for variables) Equation is A=P(1+r/m)^(mt) What will she have in the account in 5 years? She will have $ 411471.83 What will she have in the account in 7 years? She will have $ 411513.59
Transcribed Image Text:Homework 7.3-7.4 Linear and Exponential Models: Attempt review 12/2/21, 10:08 PM Question 6 Incorrect 0.00 points out of 1.00 Round all answers to two decimal places. Linda currently has $387, 648 in a retirement account. Assume her investments will obtain a growth rate of 6 % compounded annually. If she does not put any more into the retirement account, write an equation describing the amount A she will have after T years from now. (Use capital letters for variables) Equation is A=P(1+r/m)^(mt) What will she have in the account in 5 years? She will have $ 411471.83 What will she have in the account in 7 years? She will have $ 411513.59
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