Question

You are planning to invest $ 9 comma 000 in an account earning 5​% per year...

You are planning to invest $ 9 comma 000 in an account earning 5​% per year for retirement. a. If you put the $ 9 comma 000 in an account at age​ 23, and withdraw it 43 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 33 ​years, how much will you have at the​ end?

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Answer #1

a)

b)

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