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# At the end of each quarter, a 50-year-old woman puts \$3000 in a retirement account that pays 5% interest compounded quarterly.

At the end of each quarter, a 50-year-old woman puts \$3000 in a retirement account that pays 5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and places it in a mutual fund that pays 6.9% interest compounded monthly. From then on she deposits \$300 in the mutual fund at the end of each month. How much is in the account when she reaches age 65?

Find the present value of ordinary annuity: payments of \$18,579 every 6 months for 8 years at 5.4% compounded semiannually.

At the end of each quarter, a 50-year-old woman puts \$3000 in a retirement account that pays
5% interest compounded quarterly. When she reaches 60, she withdraws the entire amount and
places it in...

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