。 Investment — End of Chapter Problem In your first year of work you deposit $1,200 in your retirement account at an 8% interest rate. Calculate how much your investment is worth after each of the given time periods. Round your answers to the nearest dollar. 5 years: $ 20 years: $ 1763 4320 10 years: $ 30 years: $ 2160 Incorrect 6480

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
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Investment - End of Chapter Problem
In your first year of work you deposit $1,200 in your retirement account at an 8% interest rate. Calculate how much your
investment is worth after each of the given time periods. Round your answers to the nearest dollar.
5 years: $
20 years: $
40 years: $
1763
4320
Incorrect
8640
Incorrect
10 years: $
30 years: $
50 years: $
2160
Incorrect
6480
Incorrect
10800
Incorrect
Transcribed Image Text:Macmillan Learning Investment - End of Chapter Problem In your first year of work you deposit $1,200 in your retirement account at an 8% interest rate. Calculate how much your investment is worth after each of the given time periods. Round your answers to the nearest dollar. 5 years: $ 20 years: $ 40 years: $ 1763 4320 Incorrect 8640 Incorrect 10 years: $ 30 years: $ 50 years: $ 2160 Incorrect 6480 Incorrect 10800 Incorrect
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