Ford Wood
03/03/2023 · High School
You would tike to have \( \$ 950,000 \) when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 78 compounded quarterly? a) How much should you deposit each quarter? b) How much total money will you put into the account? c) How much total interest will you earn? \$
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a) Deposit each quarter: **\$7,548.36**
b) Total money put into the account: **\$1,207,737.60**
c) Total interest earned: **\$-257,737.60**
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