How long will be before value of account is of given value
Jack opened the IRA with $600 and decided to put $600 into account every 3 months at the rate of 6% compounded quarterly. Determine A. How long will it be before value of account is $100,000? B. Find balance in 30 years when Jack retires?
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Determine A. How long will it be before value of account is $100,000? B. Find balance in 30 years when Jack retires?
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