Question: Complex annuity) Upon graduating from college und on a quarterly basis in the amount of $300. Nick has just completed his final payment and is
Complex annuity) Upon graduating from college und on a quarterly basis in the amount of $300. Nick has just completed his final payment and is at last ompounded quarterly 40 years ago, Dr. Nick Riviera was already thinking of retirement. Since then he has made deposits into his retirement ready to retire. His retrement fund has earned 94% interest a. How much has Nick accumulated in his retirement account? b. In addition to all this, 10 years ago, Nick received an inheritance check fund What is his current balance in the fund? for $30,000 from his beloved uncle. He decided to deposit the entire amount into his retirement a. Since graduating from college 40 yoars ago, Dr. Nick Riviera has made deposits into his reirement fund on a quarterly basis in the amount of $300. If his reirement fund hase a n d 9 4% interest compounded quarterly. how much has Nick accumulated in his retrement account? (Round p the nearest cent)
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