167k views
2 votes
What is the number, n, of periods? An athlete believes that her playing career will last 7 years. To prepare for her future, she deposits $22,000 at the end of each quarter for 7 years in an account paying 6% compounded quarterly. How much will be in the account after 7 years?

User Jawira
by
2.8k points

1 Answer

3 votes

Answer:

$33378.89

Explanation:

Compounded Quaterly

A=$22,000(1+0.06/4)^4(7)

User Edu Wass
by
3.7k points