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2. Betty and Bill want to renovate their house 3 years from now. They can deposit $500 at the end of each month in their

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2. Betty and Bill want to renovate their house 3 years from now. They can deposit $500 at the end of each month in their saving account for that purpose. How much will they hav available for the renovation if their account bears an annual interest of 9.35 % compounded quarterly

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