How many quarterly contributions does ollie need to make

Reference no: EM132024038

Question: Ollie has 10,500 dollars in his retirement account. He plans to make quarterly contributions of 13,000 dollars to his account. His first quarterly contribution to his retirement account is expected in 3 months. Ollie expects to earn a return of 19.08 percent per year in his retirement account. How many quarterly contributions of 13,000 dollars does Ollie need to make to his retirement account to reach 355,662 dollars?

Reference no: EM132024038

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