Question: **Will leave positive feedback if the answer is clear, correct and readable. Please answer FULL question.* A small business owner contributes $2000 at the end
**Will leave positive feedback if the answer is clear, correct and readable. Please answer FULL question.*
A small business owner contributes $2000 at the end of each quarter to a retirement account that earns 10% compounded quarterly.
(a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.) quarters (b) Suppose when the account reaches $150,000, the business owner increases the contributions to $6000 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.) $
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