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2.107. Mr. Nowak has set up a deposit of 10000USD at a bank for compound interest with quarterly capitalization of interest. The annual interest rate
2.107. Mr. Nowak has set up a deposit of 10000USD at a bank for compound interest with quarterly capitalization of interest. The annual interest rate on this deposit is 8% and does not change. Calculate how much Mr. Nowak will earn on this deposit after 6 quarters (6*3 = 18 months) and after how many quarters would the profit on the deposit equal at least 500USD? Include the 19% capital gains tax in your calculations.
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