Question

Jack and Rebecca Pearson just had triplets. They want to have enough money for their

Answer 1

Answer:

a) $12,440.43

b) $8,000.00

c) $4,440.43

Step-by-step explanation:

the question is a bit ambiguous, I calculated from zero initial Deposit to $100 per quarter. If they deposited $100 initially and then $100 quarterly for 20 years then the numbers are as follows.

a) $12,671.05

b) $8,100

c) $4,571.05

Answer 2

a) $12,440.43

b) $8,000.00

c) $4,440.43

Step-by-step explanation:

the question is a bit ambiguous, I calculated from zero initial Deposit to $100 per quarter. If they deposited $100 initially and then $100 quarterly for 20 years then the numbers are as follows.

a) $12,671.05

b) $8,100

c) $4,571.05