How much should Ryan have in a savings account that is earning 3.50% compounded quarterly, if he plans to withdraw $2,10

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

How much should Ryan have in a savings account that is earning 3.50% compounded quarterly, if he plans to withdraw $2,10

Post by answerhappygod »

How much should Ryan have in a savings account that is earning
3.50% compounded quarterly, if he plans to withdraw $2,100 from
this account at the end of every quarter for 4 years?
Round answer to nearest cent
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply