Compute the amount that a $20,000 investment today would
accumulate to at the end of 10 years, 8% interest compoundedquarterly.
$ __________
Part (b) Fran wants to retire at the end of thisyear (2020). Her
life expectancy is 35 years from her retirement. She has
come to you, her CPA, to learn how much she should deposit
on December 31, 2020 to be able to withdraw $100,000 at the
end of each year for the next 35 years, assuming the amount
on deposit will earn 8% interest annually.
$ __________
