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Mathematics, 23.06.2019 14:20 brianfranklin17
And finally, we have sandra whose age is 30 yrs old. she wants to have ? million dollars when she is 65 yrs old. her employment savings account will make her earn a profit rate of 8% (*) compounded quarterly. her find out how much does she need to deposit at the end of each quarter (every 3 months). and how much would her total deposit out of the future value; i. e out of the 1/2 million dollars? her deposit $140 qrtly, her total deposit = $93,355 her deposit $666.80 qrtly, her total deposit nearly = $93,355 her deposit $666.80 qrtly, her total deposit = $500,000 her deposit $500,000 qrtly, her total deposit = $8%
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