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3. Please put full solution and USE 2 decimal places for all SOLUTIONS/COMPUTATIONS and ANSWERS. Thank you! Most people prepare for retirement by depositing money

3. Please put full solution and USE 2 decimal places for all SOLUTIONS/COMPUTATIONS and ANSWERS. Thank you!
Most people prepare for retirement by depositing money into a monthly or annual savings plan. An amount of $506 per month is deposited in a bank account paying a 19% nominal annual percentage rate (APR) compounded quarterly. What is the total amount (in $) deposited for each 3-month period? Take note that compounding only happens every quarter

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