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A small business owner contributes $3000 at the end of each quarter to a retirement account...

A small business owner contributes $3000 at the end of each quarter to a retirement account that earns 8% compounded quarterly.

(a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.) THE ANSWER IS NOT 21

(b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round your answer to the nearest dollar.) $ THE ANSWER IS NOT 10175706.37

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