How much will luis have in his account at the time

Reference no: EM13260149

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 $2500/quarter into the new account until his retirement 30 years from now. If the new account earns interest at the rate of 8%/year compounded quarterly, how much will Luis have in his account at the time of his retirement?

Reference no: EM13260149

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