John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.42% compounded quarterly. How much will they have at the end of 8 years?

Please round the answer to the nearest cent.

$ __________

Question

John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.42% compounded quarterly. How much will they have at the end of 8 years?
​
Please round the answer to the nearest cent.
​
$ __________

Quizplus · Accepted Answer

The Answer of John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.42% compounded quarterly. How much will they have at the end of 8 years?
​
Please round the answer to the nearest cent.
​
$ __________

John and Rosamond Want to Retire in 8 Years and Can