Question 6
<
>
Suppose you want to have $300,000.00 for retirement in 35 years. You plan to make regular quarterly
deposits into an account earning 8% interest compounded quarterly.
How much would you need to deposit in the account each quarter?
You need to deposit
each quarter.
Submit Question
How much money will you have put into the account? Hint
You will have put
How much interest will you have earned? Hint
You will have earned
into the acou
in interest.
over the 35 years.