Solución
Keilantra is saving money and plans on making quarterly contributions into an account earning an annual interest rate of 3.2% compounded quarterly. If Keilantra would like to end up with dollar sign, 61, comma, 00061, 000 after 6 years, how much does she need to contribute to the account every quarter, to the nearest dollar? Use the following formula to determine your answer.
Solución
Pasos de solución
Translate the problem into an equation:
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