Question
2. Sage Monet is going to deposit $625 into a savings plan. She will then deposit an additional $475 each quarter (starting in 3 months)
2. Sage Monet is going to deposit $625 into a savings plan. She will then deposit an additional $475 each quarter (starting in 3 months) for 30 years. If Sage can earn 4.685% compounded quarterly, what will her balance be in 30 years?
| a. | $19,335.90 | |
| b. | $2,608,635.81 | |
| c. | $127,439.29 | |
| d. | $125,993.20
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Mergers Acquisition And Other Restructuring Activities
Authors: Donald M. Depamphilis
6th Edition
123854857, 978-0123854858
