Question

Luis has $160,000 in his retirement account at his present company. Because he is assuming a position with another company, luis is planning to "roll over" his assets to a new account. Luis also plans to put $3000/quarter into the new account until his retirement 25 years from now. If the new account earns interest at the rate of 5.5%/year compounded quarterly, how much will luis have in his account at the time of his retirement?

Answer 1

Explanation:

Explanation:

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