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Kevin wants to accumulate $36,000 in a fund with payments of $1,700 made at the end of every quarter. The interest rate is 6.29% compounded
Kevin wants to accumulate $36,000 in a fund with payments of $1,700 made at the end of every quarter. The interest rate is 6.29% compounded quarterly. a. How many payments (rounded up to the next payment will it take to accumulate this amount? o 22 payments O 14 payments O 18 payments O 19 payments b. How long will it take to accumulate this amount? O 6 years and 9 months O 6 years and 4 months O 6 years and 9 months O 4 years and 9 months
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