Justin

is saving for his retirement

22

years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit

$119.00

at the end of

every

three months

for the next

15

years. Interest is

10%

compounded quarterly

(a) How much money will be in his account on the date of his retirement?

(b) How much will

Justin

contribute?

(c) How much will be interest?