Question
Please don't answer if you are not sure about this problems, Thank you so much!!! Alonzo plans to retire as soon as he has accumulated
Please don't answer if you are not sure about this problems, Thank you so much!!!
Alonzo plans to retire as soon as he has accumulated $250,000 through quarterly payments of $4,500. If Alonzo invests this money at 5.4% interest, compounded quarterly, how long (to the nearest year) until can he retire?
Find t=......years? the answer is not 300 months, 25 years or 75 years.
There is an example: Alonzo plans to retire as soon as he has accumulated $250,000 through quarterly payments of $2,000. If Alonzo invests this money at 5.4% interest, compounded quarterly, how long (to the nearest year) until can he retire? and the answer is 18 years so if you can solve this you can solve the problem above
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