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Suppose that Janine deposits her $18.000 bonus in an account that earns 8%, compounded quarterly, and makes additional deposits of $500 at the end of
Suppose that Janine deposits her $18.000 bonus in an account that earns 8%, compounded quarterly, and makes additional deposits of $500 at the end of each quarter for the next 22- years, until she retires. To supplement her retirement, Janine wants to make withdrawals at the end of each quarter for the next 12 years, at which time the account balance will be zero. i) How much is in the account after the last deposit? ii) What is the total amount deposited? iii) What is the amount of each withdrawal? iv) What is the total amount withdrawn from the account
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