You are to invest an equal amount Quarterly for 2 years. You want the amount you invest to allow you to withdraw exactly $1,000 at the end of year 1 and $6,000 at the end of year 2. The nominal interest rate is 8%, which is to be compounded quarterly.

he has now walked a total of what?

if i know what this is maybe i can

step-by-step explanation:

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368

●yes, this statement is absolutely apt.

hope this you

b

step-by-step explanation: