You make a quarterly deposit of $141 into a savings account for the next 27 years. How much can you withdraw immediatel...

Question

Question

You make a quarterly deposit of $141 into a savings account for the next 27 years. How much can you withdraw immediately afte

business economics

Answer 1

Answer #1

t = 27 * 4 = 108 quarters

Future worth = 141 * (F/A, 9%, 108)

= 141 * 122399.56

= 17258337.53 ~ 17258338 (Nearest Dollar)

Answer 2

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