After completing her residency, an obstetrician plans to invest $9,000 per year at the end of each year into a low-risk retirement account. she expects to earn 6 percent for thirty-five years. what will her retirement account be worth at the end of those thirty-five years?

$1,002,913.05

Explanation:

Data provided in the question:

Amount invested at the end of each year = $9,000

Interest rate, i = 6% = 0.06

Time period, n = 35 years

Now,

Future value of the annuity = Annuity ×

on substituting the respective values, we get

Future value of the annuity = $9,000 ×

or

Future value of the annuity = $9,000 × 111.434783

or

Future value of the annuity = $1,002,913.05

Hence,

At the end of thirty-five years her retirement account worth will be $1,002,913.05

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself