A sum of money is deposited at the end of every month for 10 years at 7.5%

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A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest for the account is to be 6% compounded quarterly and the account is to be paid out by quarterly payments of $4800 over six years. What is the size of the monthly deposit?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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