Question: Answer all the question given 4) b) A retirement account has $ 30 000 in it and the owner decides not to add more money

Answer all the question given 4) b) A retirement account has

Answer all the question given 4) b) A retirement account has $ 30 000 in it and the owner decides not to add more money into the account other than the interest that earned at 4% compound daily. How much will be in the account 25 years from now then the owner can reach retirement age? C) Then if the interest earned at 4% compound quarterly, would you be earned more or less than from the answer obtained earlier. [20 marks]

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