Question

Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $27,000 over the next 6 years. What amount must be deposited quarterly into an account that earns 5.6% interest, compounded quarterly, in order to reach your goal? Round your answer to the nearest cent, if necessary.

Answer 1

Answer:

12 years and eight months

Step-by-step explanation:

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