23. James plans to fund his23. James plans to fund his individual retirement account, beginning today, with 20individual retirement account, beginning today, with 20annual deposits of $2,000, which he will continue for theannual deposits of $2,000, which he will continue for the next 20 years. If henext 20 years. If he cancanearn an annual compound rate of earn an annual compound rate of 8 percent on his deposits, the8 percent on his deposits, the amount in the account uponamount in the account upon retirement will beretirement will beA. $19,636.A. $19,636.B. $91,524.B. $91,524.C. $98,846.C. $98,846.D. $21,207.D. $21,207.

24. The rate of interest agreed upon24. The rate of interest agreed upon contractually charged by a lender or promisedcontractually charged by a lender or promisedby a borrower is theby a borrower is the _________ interest rate._________ interest rate.

Get answer to your question and much more

25. Gina has planned to start25. Gina has planned to start her college education four years from now. Toher college education four years from now. To pay forpay forher college education, she has decided to save $1,000 aher college education, she has decided to save $1,000 a quarter for the next fourquarter for the next fourPagePage4 of of1818