A woman deposits R dollars every 3 months beginning February 17, 2009 and ending on August...

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A woman deposits R dollars every 3 months beginning February 17, 2009 and ending on August 17, 2012. She begins deposits of 2R dollars every 3 months on November 17, 2012 and continues until May 17, 2018 at which time she will have a total value of $35 000. If she earns interest at j4 = 8% on her money, what is R? Include a time diagram in your solution. A woman deposits R dollars every 3 months beginning February 17, 2009 and ending on August 17, 2012. She begins deposits of 2R dollars every 3 months on November 17, 2012 and continues until May 17, 2018 at which time she will have a total value of $35 000. If she earns interest at j4 = 8% on her money, what is R? Include a time diagram in your solution.

Answer rating: 100% (QA)

To find the value of R we need to break down the timeline and calculate the total value at each stag... View the full answer