SOLUTION: Mr. Chang wants to retire in 10 years. He deposits $650.00 every three months into his retirement investment account. If the account's interest rate is 7.8% compounded quarterly,
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Question 1107894: Mr. Chang wants to retire in 10 years. He deposits $650.00 every three months into his retirement investment account. If the account's interest rate is 7.8% compounded quarterly, how much will he have at the end of 5 years, when 20 quarterly deposits of $650.00 have been made?
Give answer in US dollars and cents rounded to the nearest cent (do NOT enter "$" sign) Answer by Alan3354(69443) (Show Source):
