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2) You make 20 quarterly (every 3 months) deposits of $3000 each in a bank, starting 2 years from now. What is the balance of

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2) You make 20 quarterly (every 3 months) deposits of $3000 each in a bank, starting 2 years from now. What is the balance of your account10 years from now if the interest rate is 12%/yr, compounded quarterly? a)S102,622 b) 139,123 c) $118,766 d) $129,534

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