SophiaPretty

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About SophiaPretty

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 304 Weeks Ago, 2 Days Ago
Questions Answered: 15833
Tutorials Posted: 15827

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  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Math Posted 15 Aug 2017 My Price 7.00

Imagine investing $275 monthly into a 401(k) retirement account that averages an APR of 3.5% compounded monthly.

Imagine investing $275 monthly into a 401(k) retirement account that averages an APR of 3.5% compounded monthly. You do this consistently for 35 years until retirement. Use the savings plan formula to calculate your final balance (future value). After this calculation, find how much of this future value is principal and how much is interest.

 

Final Balance:

Principal:

Interest:

Round to the nearest dollar.

Answers

SophiaPretty
(5)
Status NEW Posted 15 Aug 2017 10:08 AM My Price 7.00

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