Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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 visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.