Question

Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

A) 75263.64 B) 76345 C) 76389 D) 56897

Answer 1

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A) 75263.64

Explanation:A=R[(1+i)^n-1]/i(1+i)^n

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God of curiosity here ✌✌

Answer 2

Answer:

75263.64 is correct answer