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My Notes A small business owner contributes $1,000 at the end of each quarter to a retirement account that earns 10% compounded quarterly. (a) After
My Notes A small business owner contributes $1,000 at the end of each quarter to a retirement account that earns 10% compounded quarterly. (a) After how many quarterly payments, n, will this annuity account be worth at least $50,000? (Round your answer UP to the nearest quarter.) 17 quarters (b) Now assume the owner has $50,000 in the same account continuing to earn interest. In addition, the business owner starts making contributions of $3,000 at the end of each quarter into another account with this same interest rate. What will the total value of both accounts be after 15 more years? (Round your answer to the nearest dollar.) Viewing Saved Work Revert to Last Response
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