HW Score: 91.67%, 3.67 of 4 pts Score: 0.67 of 1 pt %) Bus Econ R1.39 Sally make

Question

HW Score: 91.67%, 3.67 of 4 pts Score: 0.67 of 1 pt %) Bus Econ R1.39 Sally makes deposits into a retirement account every year from the age of 30 until she retires at age 65. 4 of 4 (4 complete) Question Help a rsally deposits $1250 per year and the account earns interest at a rate o 9% per year, compounded annually. how much does she have n the account when she retires? b) How much of that total amount is from Sally's deposits? How much is interest? a) Sally will have in the account when she retires. (Round to the nearest cent as needed.)

Explanation / Answer

269638.5

a)The amount of an annuity for 35 years at 9% is listed as 215.7108 1250*215.7108

269638.5

b)her deposits total 35 * 1250 43750$

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