using simple annuity)  A recent chemistry graduate starts a savings program, to eventually mount a small plant. In June 30, 2022  until December 31 2026,  he deposit $ 300 in an investment fund that will pay j4 = 8%(convert every 3 months at 8%) until March 31, 2025 and from j4 = 6% (convert every 3 months at 6 %)onwards. In September 30 2027, he  will take quarterly withdrawals of $ 500 . What will your account balance after the last withdraw at june 30 2019

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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(using simple annuity

A recent chemistry graduate starts a savings program, to eventually mount a small plant. In June 30, 2022  until December 31 2026,  he deposit $ 300 in an investment fund that will pay j4 = 8%(convert every 3 months at 8%) until March 31, 2025 and from j4 = 6% (convert every 3 months at 6 %)onwards. In September 30 2027, he  will take quarterly withdrawals of $ 500 . What will your account balance after the last withdraw at june 30 2019

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