Solved: After that he will deposit 1000 every month to the savings, Business Management

+44 141 628 6080
[email protected]

After that he will deposit 1000 every month to the savings

Allen wants to open a savings account because he will retire after 5 years. He will transfer $40,000 from another account to the saving account today. After that, he will deposit $1,000 every month to the savings account. If the annual interest rate is 3.2%, what will be the account balance in his savings account after 5 years?

Solution Preview :

Prepared by a verified Expert

Business Management: After that he will deposit 1000 every month to the savings

Reference No:- TGS02670409

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Management

Q : Discuss the role of promotion in the marketing mix exhibit

discuss the role of promotion in the marketing mix exhibit 151 should be used as a

Q : Explain the two characteristics of ajax that help it

problem1 explain the two characteristics of ajax that help it achieve its goals2 explain why the callback function is

Q : Prepare good forms of income statement statement of

question - transactions essay amp statementsq1 central air inc has the following transactions in august 2012 prepare

Q : Why do we pay for parking if were students everyone

proposalwvu parking has been a major issue to the students students spend at least 45 minutes or more to find a parking

Q : After that he will deposit 1000 every month to the savings

allen wants to open a savings account because he will retire after 5 years he will transfer 40000 from another account

Q : Would you consider judgment sampling as a subjective

if you use subjective sampling methods for example convenience sampling would you be able to use the sample results to

Q : What must the first markup output of a servlet to a client

problem1 what is a servlet container2 most user-written servlets extend what predefined class3 what are the purposes of

Q : Discuss the economy in the 1920s and indicate what

from the scenario the american history museum the text book chapters 21 and 22 and the on line lecture no outside

Q : How do you find the right degree of pressure to help

what kind of change would be a reason to renegotiate your goalshow do you find the right degree of pressure to help

1943583

Questions
Asked

3,689

Active Tutors

1447498

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

What should you put on before taking bp

What should you put on before taking BP? For TB? What precaution? What you might need and how often?

Which enzyme is unique to hiv

A nurse is explaining to a colleague that HIV is a retrovirus. Which enzyme is unique to HIV and thus serves as a target for treatment?

Describe the pathophysiology of fever and inflammation

1. Describe the pathophysiology of fever and inflammation. 2. Why is aspirin administered for fever?

How patient is at increased risk for metabolic syndrome

The nurse reviews the medical records of four female patients and identifies that which patient is at increased risk for metabolic syndrome?

Problem about patient sustained a severe tbi

Neil sustained a severe TBI at 21 years of age while he was serving as an active-duty Operation Iraqi Freedom combat soldier.

Providing postoperative care for a bariatric surgery patient

Which action does the nurse take when providing postoperative care for a bariatric surgery patient who experiences difficulty breathing

Patient exposed to number of chemicals in an accident

Sally (who is 5 weeks pregnant) and Norma (who is 5 months pregnant) both work in a plant that produces toxic chemicals. One day there is an accident