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 | 478 views
0 answers
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 416 views
0 answers
annuties and sinking found
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 430 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 532 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 553 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 518 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 507 views
1 answer
annuties and sinking found,
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 479 views
1 answer
annuties and sinking found
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 483 views
1 answer
annuties and sinking found
asked Oct 5, 2012 in Algebra 1 Answers by anonymous | 579 views
1 answer
9, 98, 997, … how can we find sequence ?
asked Nov 12, 2016 in Pre-Algebra Answers by anonymous | 438 views
0 answers
annuties and sinking founds
asked Oct 10, 2012 in Algebra 1 Answers by anonymous | 400 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 | 509 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. complete the following. 825 use each digit once .make the two smallest 3 digit numbers and two largest 3-digit number (2)
  4. Solve 15 -1(12÷4+1)? (4)
  5. 8:4(5+2) (3)

Most popular tags

87,542 questions
99,768 answers
2,417 comments
504,618 users