John and Rosamond want to retire in 15 years and can save $150 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.72% compounded quarterly. How much will they have at the end of 15 years? (Round your answer to the nearest cent.)
John and Rosamond want to retire in 15 years and can save $150 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.72% compounded quarterly. How much will they have at the end of 15 years? (Round your answer to the nearest cent.)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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John and Rosamond want to retire in 15 years and can save $150 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.72% compounded quarterly. How much will they have at the end of 15 years? (Round your answer to the nearest cent.)
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