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5. Assume that you are investing $3,000 in a savings plan today and will make additional contributions of $300 per quarter. The plan pays 3%

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5. Assume that you are investing $3,000 in a savings plan today and will make additional contributions of $300 per quarter. The plan pays 3% interest per year compounded quarterly at the beginning of each period instead of the end of each period. a. What is the interest rate per period? Round to 4 decimal places. (2 Points) b. What is the total number of payments? (2 Points) c. Write an Excel formula to determine how much your savings will be worth in 5 years. (4 Points) d. What is the output of this function? If the output is negative, include that as well. (2 Points)

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