Compounded quarterly to reach your goal

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Suppose you want to have a balance of $31,000 in an account in 8 years. How much money do you need to deposit quarterly if the account earns 6% compounded quarterly to reach your goal?

Reference no: EM13883492

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Compounded quarterly to reach your goal : Suppose you want to have a balance of $31,000 in an account in 8 years. How much money do you need to deposit quarterly if the account earns 6% compounded quarterly to reach your goal?
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