A small business owner contributes 2 000 at the end of each

Last updated: 4/11/2023

A small business owner contributes 2 000 at the end of each quarter to a retirement account that earns 10 compounded quarterly a How long will it be until the accountis worth at least 150 000 Round your answer UP to the nearest quarter quarters b Suppose when the account reaches 150 000 the business owner increases the contributions to 8 000 at the end of each quarter What will the total value of the account be a years Round your answer to the nearest dollar