Question: Answer all questions correctly - A Small business owner Contributes $ 4, 900 at the end of each quarter to a retirement account that earns
Answer all questions correctly

- A Small business owner Contributes $ 4, 900 at the end of each quarter to a retirement account that earns 6% Compounded quartely. Ca) How long will it be until the account is worth at least $ 150,000? (round your answer up to the nearest quarter. ) quarters ( 6 ) Suppose When the account reaches $ 150,000, the business owner thereases the contributions to $ 4,000 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, ) 2 ) A Sinking Fund is Established by a working couple so that they Will have $160, 0 00 to pay For part of their daughter's education When She enters college, IF they make deposits at the end OF each 3- month period for 14 years, and IF interest is paid at 16101 compounded quartely, what Size deposits must they make ? (a) State whether the problem relates to an ordinary annuity or an annuity due. ( 6 ) Solve the problem, C Round your 0 Or finory annuity answer to the nearest cent. ) . annuity due Mr. Gordon plans to Invest $300 at the end of each month in an account that pays goto, compounded monthly. After how many months will the account be worth $ 70, 000? By Solve the problem. ( Round your answer to the nearest month months Find the value of an ordinary annuity of $ 3,000 pond quarterly For 2 years, IF Interest rate is 61, Compounded quarterly ( Round your answer to the nearest cent.)
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