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at age 25 you decide to start your retirement account and put $ 775 at the end of each quarter into an account paying 5.75%
at age 25 you decide to start your retirement account and put $ 775 at the end of each quarter into an account paying 5.75% compounded quarterly. at age 57 you stop making payments into the account. the account continues to pay 5.75% compounded quarterly.
a. you decide at age 68 and use this account to help fund your retirement.
what is the account worth at this point?
b. amount in account at age 57
c. amount in account at age 68
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