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(Solved): Self-employed persons can make contributions for their retirement into a special tax-deferred accou ...
Self-employed persons can make contributions for their retirement into a special tax-deferred account called a Keogh account. Suppose you are able to contribute \( \$ 15,000 \) into this account at the end of each year. How much will you have at the end of 30 years if the account pays \( 2 \% \) annual interest? (Round your answer to the nearest cent.)
The owner of Sebastopol Tree Farm deposits \( \$ 450 \) at the end of each quarter into an account paying \( 1.25 \% \) compounded quarterly. What is the value of the account at the end of 6 years? (Round your answer to the nearest cent.) \( \$ \)
The owner of Oak Hill Squirrel Farm deposits \( \$ 2,000 \) at the end of each quarter into an account paying \( 3,5 \% \) compounded quarterly. What is the value at the end of 9 years, 6 months? (Round your answer to the nearest cent.) \( \$ \)