You are planning to invest $ 9,000 in an account earning 8 % per year for retirement. a. If you put the $ 9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? a. If you put the $9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? In 44 years you would have $ (Round to the nearest cent.)

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
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You are planning to invest $ 9,000 in an account
earning 8% per year for retirement. a. If you put the $
9,000 in an account at age 23, and withdraw it 44
years later, how much will you have? b. If you wait 10
years before making the deposit, so that it stays in the
account for only 34 years, how much will you have at
the end? a. If you put the $ 9,000 in an account at age
23, and withdraw it 44 years later, how much will you
have? In 44 years you would have $ (Round to the
nearest cent.)
Transcribed Image Text:You are planning to invest $ 9,000 in an account earning 8% per year for retirement. a. If you put the $ 9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? b. If you wait 10 years before making the deposit, so that it stays in the account for only 34 years, how much will you have at the end? a. If you put the $ 9,000 in an account at age 23, and withdraw it 44 years later, how much will you have? In 44 years you would have $ (Round to the nearest cent.)
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