How much would he need at beginning of these four years

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Reference no: EM132041948

Reggie invests $256 every quarter into account with is compounded quarterly for at an interest rate of 4% for 16 years. How much will he have and make from interest at the end of the 16 years? After the 16 years, he wants to make quarterly withdrawals from the same account for 4 years so that there is no money left after 4 years. How much are his quarterly withdrawals and how much is made from interest over the 4 years? Say that he wants to withdrawal 8100 more each quarter. How much would he need at the beginning of these 4 years?

Reference no: EM132041948

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