Luis has 120000 in his retirement account at his present, Ask an Expert

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Luis has $120,000 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 yr from now. If the account earns interest at the rate of 6%/year compounded quarterly, how much will Luis have in his account at the time of his retirement?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91374305

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