Ada Hotel Group has set up a pension fund for employee benefits. The company plans to...

Ada Hotel Group has set up a pension fund for employee benefits. The company plans to put $50,000 in the fund at the end of each quarter. If this is a 20-year fund that earns 6.4% annual interest compounded quarterly, what would be fund balance at the end of 20 years?

a. $7,459,234.56

b. $9,268,201.30

c. $8,001,194.75

d. $10,238,430.10

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jeff jeffy answered 2 years ago

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Ada Hotel Group has set up a pension fund for employee benefits. The company plans to...

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