John and Rosa want to retire in 10 years and can save $170 every 3 months. They plan to deposit the money at the end of each quarter into an account paying 7.72% compounded quarterly. How much will they have at the end of 10 years? (Round your answer to nearest cent.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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John and Rosa want to retire in 10 years and can save $170 every 3 months. They plan to deposit the money at the end of each quarter into an account paying 7.72% compounded quarterly. How much will they have at the end of 10 years? (Round your answer to nearest cent.)
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