Thursday
July 24, 2014

Homework Help: Math

Posted by Mary on Monday, May 6, 2013 at 10:09am.

Alonzo plans to retire as soon as he has accumulated $250,000 through quarterly payments of $2,500. If Alonzo invests his money at 5.4% interest, compounded quarterly, when (to the nearest year) can he retire?

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