$5,500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly until $100,000 has accumulated in the account. This scenario describes the  ---Select--- Future Value of an Ordinary Annuity Future Value of an Annuity Due . From the formula in the textbook, all values are known, except for  ?,i,S,n, or R . After how many quarters will the account contain $100,000? (Round your answer UP to the nearest quarter.)

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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$5,500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly until $100,000 has accumulated in the account.
This scenario describes the  ---Select--- Future Value of an Ordinary Annuity Future Value of an Annuity Due . From the formula in the textbook, all values are known, except for  ?,i,S,n, or R .
After how many quarters will the account contain $100,000? (Round your answer UP to the nearest quarter.)
 
DETAILS
HARMATHAP12 6.3.011.EP.
$5,500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly until $100,000 has accumulated in the account.
This scenario describes th v ---Select---
From the formula in the textbook, all values are known, except for
?
Future Value of an Ordinary Annuity
After how many quarters
Future Value of an Annuity Due
(Round your answer UP to the nearest quarter.)
quarters
2.
Transcribed Image Text:DETAILS HARMATHAP12 6.3.011.EP. $5,500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly until $100,000 has accumulated in the account. This scenario describes th v ---Select--- From the formula in the textbook, all values are known, except for ? Future Value of an Ordinary Annuity After how many quarters Future Value of an Annuity Due (Round your answer UP to the nearest quarter.) quarters 2.
2.
DETAILS
HARMATHAP12 6.3.011.EP.
$5,500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly until $100,000 has accumulated in the account.
This scenario describes the
---Select---
From the formula in the textbook, all values are known, except fo v ?
i
After how many quarters will the account contain $100,000? (Round your answer UP to the nearest quarter.)
n
quarters
R
Transcribed Image Text:2. DETAILS HARMATHAP12 6.3.011.EP. $5,500 is deposited at the end of each quarter in an account that earns 7% compounded quarterly until $100,000 has accumulated in the account. This scenario describes the ---Select--- From the formula in the textbook, all values are known, except fo v ? i After how many quarters will the account contain $100,000? (Round your answer UP to the nearest quarter.) n quarters R
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ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning