Ask a New Question

Asked by tota

As a savings plan for college, when their son Bob was born, the Wilburs deposited $10,000 in an account paying 8% compounded annually. How much will the account be worth when Bob is 18 years old?

11 years ago

Answers

Answered by Reiny
Same structure as the one I just did for you.
Try it, let me know what you got.
11 years ago

Related Questions

As a savings plan for college, when their son Bill was born, the Johnson's deposited $10,000 in an a... Find the savings plan balance after 33 years with an APR of 9​% and monthly payments of ​$200 Use the savings plan formula to answer the following question. At age 43​, you start saving for r... Use the savings plan formula to answer the following question. You want to purchase a new car in... When you develop a savings plan for college, what source of income would you be better off leaving o... When you develop a savings plan for college, what source of income would you be better off leaving o... Jo has started a savings plan with an investment of k1200 and is adding to this amount each month wi... What is a pre-tax savings plan?(1 point) Responses the money set aside for savings (e.g., retirement...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use