• Ha Magan is saving money and plans on making quarterly contributions into an account earning an annual interest rate of 6% compounded quarterly. If Magan would like to end up with $49,000 after 6 years, how much does he need to contribute to the account every quarter, to the nearest dollar?

Answer rating: 100% (QA)

To determine the amount Magan needs to contribute to the account every quarter we can us... View the full answer