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3. Miriam wants to save $100 000, so she makes quarterly payments of $1500 into an account that earns 4.6% /a compounded quarterly. How
3. Miriam wants to save $100 000, so she makes quarterly payments of $1500 into an account that earns 4.6% /a compounded quarterly. How long will it take her to reach her goal? [3A] 4. Alice won $2500 at the Lottery. She decided to invest to spend one quarter of the money with her friends and to invest half of the remaining amount at 5.2% / a compounded weekly for the next 10 years. a. How much interest on her investment will she earn overall? [4A] b. How much interest on her investment will she earn in the 9th year? [4A]
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