annuties and sinking found,

Alonzo plans to retire as soon as he has accumulated $250,000 through quarterly payments of $2,000. If Alonzo invests this money at 5.4% interest, compounded quarterly, when (to the nearest year) can he retire?
yr

in Algebra 1 Answers by
reshown by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

add 2000$/quarter, get 5.4%, want tu hav 250,000$

anser=222 months=18yeers & 6months

yu put up 148,000$

$ hav/puup=1.722
by

Related questions

0 answers
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 500 views
0 answers
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 443 views
0 answers
annuties and sinking found
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 448 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 565 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 596 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 551 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 537 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 516 views
1 answer
annuties and sinking found
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 515 views
1 answer
annuties and sinking found
asked Oct 5, 2012 in Algebra 1 Answers by anonymous | 608 views
1 answer
9, 98, 997, … how can we find sequence ?
asked Nov 12, 2016 in Pre-Algebra Answers by anonymous | 480 views
0 answers
annuties and sinking founds
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 422 views
0 answers
Annuities and Sinking funds
asked Oct 6, 2012 in Algebra 1 Answers by anonymous | 2.0k views
0 answers
annuities and sinking founds
asked Oct 5, 2012 in Algebra 1 Answers by anonymous | 535 views
Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!

Most popular questions within the last 3000 days

  1. 50+50-25X0+2+2= (19)
  2. it takes 10 road workers 5 days to complete a road repair when working 2 hours a day.Working at the same pace,how many days will it take 2 people working 5 hours a day to finish it? (3)
  3. Solve 15 -1(12÷4+1)? (4)
  4. 8:4(5+2) (3)
  5. How can i represent 1/3; 3/3; 7/3; 10/3 and 15/3 on a number line? (1)

Most popular tags

87,516 questions
100,279 answers
2,420 comments
733,568 users