Monday
September 22, 2014

Homework Help: math

Posted by cant figure this out :( on Saturday, April 30, 2011 at 7:35pm.

Suppose a young couple deposits $700 at the end of each quarter in an account that earns 7.1%, compounded quarterly, for a period of 6 years. After the 6 years, they start a family and find they can contribute only $200 per quarter. If they leave the money from the first 6 years in the account and continue to contribute $200 at the end of each quarter for the next 18½ years, how much will they have in the account (to help with their child's college expenses)?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - A person wants to establish an annuity for retirement purposes. He wants ...
business - Susie has decided to make deposits at the end of each quarter in the ...
math - A young executive deposits $400 at the end of each month for 7 years and ...
Finance - Bob Bryan made deposits of $10,000 at the end of each quarter to Lion ...
finite math - A young executive deposits $400 at the end of each month for 7 ...
Business Math 205 - The Stockton Bears Baseball Club Deposits $6,000 at the ...
Economics - Ben deposits $5000 now into an account that earns 7.5 percent ...
Math - The winner of a popular lottery is offered one of two options: i) a lump ...
Annuities - Vic French mad deposits of 5000 at the end of each quarter to book ...
Algebra - An initial investment of $480 is invested for 4 years in an account ...

Search
Members