Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every three months in an annuity that pays 5.5% compounded quarterly. How much will you have saved at the end of 10 years? Find the interest. O $76,729; $16,729 O $44,157; $15,843 $79,284; $19,284 O $188,375; $128,375

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Solve the problem. Round to the nearest dollar.
Suppose that you earned a bachelor's degree and now
you're teaching middle school. The school district
offers teachers the opportunity to take a year off to
earn a master's degree. To achieve this goal, you
deposit $1500 at the end of every three months in an
annuity that pays 5.5% compounded quarterly. How
much will you have saved at the end of 10 years? Find
the interest.
$76,729; $16,729
$44,157; $15,843
$79,284; $19,284
$188,375; $128,375
Transcribed Image Text:Solve the problem. Round to the nearest dollar. Suppose that you earned a bachelor's degree and now you're teaching middle school. The school district offers teachers the opportunity to take a year off to earn a master's degree. To achieve this goal, you deposit $1500 at the end of every three months in an annuity that pays 5.5% compounded quarterly. How much will you have saved at the end of 10 years? Find the interest. $76,729; $16,729 $44,157; $15,843 $79,284; $19,284 $188,375; $128,375
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