Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
John and Rosamond want to retire in 5 years and can save $170 every three months. They plan to deposit money at the end of each quarter into a account paying 6.72% compounded quarterly. How much will they have at the end of 5 years? Round to nearest cent.
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