Quantcast

Got Homework?

Connect with other students for help. It's a free community.

  • across
    MIT Grad Student
    Online now
  • laura*
    Helped 1,000 students
    Online now
  • Hero
    College Math Guru
    Online now

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Fenetre135

Sarat invested an average of $375 per month since age 35 in various securities for his retirement savings. His investments averaged a 4.5% annual rate of return until he retired at age 65. Given the same monthly investment and rate of return, how much more would Sarat have in his retirement savings had he started investing at age 25? Assume monthly compounding. $202,500.00 $218,161.70 $117,562.50 $174,278.98

  • one year ago
  • one year ago

  • This Question is Closed
  1. josh504
    Best Response
    You've already chosen the best response.
    Medals 0

    |dw:1366059961798:dw|

    • one year ago
    • Attachments:

See more questions >>>

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.