Joseph Ray just received an inheritance of $35,775 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 4.75% per year with quarterly compounding for 32 years, how much will he have accumulated? (Round off to the nearest dollar.)

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A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

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A:

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A: Future Value =$120,000 N = 7

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Q: money at the end of ten years

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