Business, 23.03.2020 20:03, deaerionharper

A small business owner contributes $1,000 at the end of each quarter to a retirement account that earns 10% compounded quarterly.

(a) After how many quarterly payments, n, will this annuity account be worth at least $50,000? (Round your answer UP to the nearest quarter.) 17 quarters
(b) Now assume the owner has $50,000 in the same account continuing to earn interest. In addition, the business owner starts making contributions of $3,000 at the end of each quarter into another account with this same interest rate. What will the total value of both accounts be after 15 more years?

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A small business owner contributes $1,000 at the end of each quarter to a retirement account that ea...