11. [3/7 Points]
Part 1
Retirement option 1:
When you start work, the company immediately deposits $4000 into a savings account. They put an additional $15,000 into the account
Retirement option 2:
When you start work, the company immediately deposits $4000 into a savings account that earns an annual interest rate of 14%. When
Linear
DETAILS
Under retirement option 1, does your retirement account experience linear or exponential growth?
O Exponential
PREVIOUS ANSWERS
How much will you have under retirement option 1 at age 55? (Round your answer to the nearest cent.)
$ 454000
Part 2
How much will you have under retirement option 1 at age 65? (Round your answer to the nearest cent.)
x
$
Under retirement option 2, does your retirement account experience linear or exponential growth?
O Linear
Exponential