Starting at age 50, a woman puts $1600 at the end of each quarter into a retirement account that pays 7% interest compounded quarterly. when she reaches age 60, she withdraws the entire amount and places it in a mutual fund account that pays 9% compounded monthly. from then on she deposits $400 in the same mutual fund at the end of each month. how much is in the account when she reaches age 65?

$179,187.

Explanation:

Firstly, we need to calculate the future value of her retirement account 10 year form now (at age 60):

Future value of retirement account at age 60 = 1,600 x [1 + (7%/4)] + 1,600 x [1 + (7%/4)]^2 + ... + 1,600 x [1 + (7%/4)]^40 = 94,777.

Secondly, we need to calculate the future value of mutual fund account (funds withdrawn from retirement account).

Future value of mutual fund account (1) at age 65 = 94,777 x [1 + (9%/12)]^60 = 148,391.

Finally, we need to calculate the future value of mutual fund account (funds from her deposit).

Future value of mutual fund account (2) at age 65 = 400 x [1 + (9%/12)] + 400 x [1 + (9%/12)]^2 + ... + 400 x [1 + (9%/12)]^60 = 30,796.

So, when she reach age 65, she will have 148,391 + 30,796 = 179,187.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

false is correct i hope.

i might be