Asmall business owner contributes $3000 at the end of each quarter to a retirement account that earns 8% compounded quarterly. (a) how long will it be until the account is worth $150,000? (round your answer up to the nearest quarter.)
(b) suppose when the account reaches $150,000, the business owner increases the contributions to $7000 at the end of each quarter. what will the total value of the account be after 15 more years? (round your answer to the nearest dollar.)

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step-by-step explanation:

it is definatly the 3rd one. very much looks like it, for a good chance, the third one would be best for you.

8(4)^8=72^feet to say that the total can conclude to 8(4) which as you know would mean 8 x 4. that equals 32w. 32^ could make a 72 answer as well. but your coefficent will remain w so your answer is 72w.

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