subject
Mathematics, 21.03.2020 20:49 DroctorWellsfan

Cynthia opened a retirement account with $23,000. The fund pays 2.9% interest compounded monthly. Cynthia expects to retire in 30 years. She also does not plan to make any payments into this account. She used the TVM Solver to help her predict how much her retirement fund will be worth in 30 years (see below). What did she do incorrectly? What can she do to fix her mistake? N = 360, I% = 2.9, PV = -$23,000, FV = ?, P/Y = 12, C/Y = 12
a. She used the wrong value for PV. She should have used $23,000.

b. She used the wrong value for I%. She should have used .242 which is (2.9/12).

c. She used the wrong value for P/Y. She should have used a lower number.

d. She used the wrong value for N. She should have used 30.

e. Cynthia didn’t make any mistakes.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:40
Given f(x)= 9x+1 and g(x)=x^3, choose the expression (f*g)(x)
Answers: 2
question
Mathematics, 21.06.2019 17:50
Graph y ≥ -x^2 - 1. click on the graph until the correct graph appears.
Answers: 1
question
Mathematics, 21.06.2019 20:30
1. evaluate 8x(2)y9(-2) for x=-1 and y=2 2. simplify the equation. -() 3. simplify the expression. [tex]\frac{5}{x(-2) y9(5)}[/tex]
Answers: 1
question
Mathematics, 21.06.2019 22:00
Which statements describe the solutions to the inequality x< -20 check all that apply. there are infinite solutions. each solution is negative. each solution is positive. the solutions are both positive and negative. the solutions contain only integer values. the solutions contain rational number values.
Answers: 1
You know the right answer?
Cynthia opened a retirement account with $23,000. The fund pays 2.9% interest compounded monthly. Cy...
Questions
question
Mathematics, 12.09.2021 05:30
question
Mathematics, 12.09.2021 05:30
question
Mathematics, 12.09.2021 05:30
question
Mathematics, 12.09.2021 05:40
Questions on the website: 13722367