Sarah wants to have $10,000 in 6 years. She plans to invest $1,200 to start and make yearly payments of $1,200 to the account at the beginning of each year. She will be receiving 5.6% interest compounded quarterly on her investment. Will she reach her goal?
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Home » Mathematics » Sarah wants to have $10,000 in 6 years. She plans to invest $1,200 to start and make yearly payments of $1,200 to the account at the beginning of each year. She will be receiving 5.6% interest compounded quarterly on her investment.