Get the best answers to your questions with the help of IDNLearn.com's experts. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.
A small business owner contributes [tex]$2,000 at the end of each quarter to a retirement account that earns 6% compounded quarterly. (a) How long will it be until the account is worth at least $[/tex]150,000? (Round your answer UP to the nearest quarter.) X quarters (b) Suppose when the account reaches [tex]$150,000, the business owner Increases the contributions to $[/tex]8,000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round your answer to the nearest dollar.)
Sagot :
Thank you for contributing to our discussion. Don't forget to check back for new answers. Keep asking, answering, and sharing useful information. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.