Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business
New Topic  
tetleyelmo tetleyelmo
wrote...
Go to Answer
Posts: 662
Rep: 0 0
7 years ago
You just won the Sweepstakes and have decided to take your winning in 15 equal payments of $35,000. You decide to save all of this money for your retirement and deposit it into an account that earns 11% per year. What is the amount of your retirement nest egg? (Round to the nearest whole dollar)
A) $1,204,188
B) $1,032,161
C) $1,112,037
D) $557,810
E) $852,225
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
Read 80 times
1 Reply
Replies
Answer verified by a subject expert
BlimpBlimp
wrote...
#1
Posts: 499
Rep: 25 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

Related Topics

tetleyelmo Author
wrote...

7 years ago
Thank you, thank you, thank you!
deathwing
wrote...

Yesterday
You make an excellent tutor!
SupremeDJ
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1240 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 4429
  
 5591
  
 14186
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Do you trust social media networks with protecting your privacy?