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7. Suppose the parents of a child begin making quarterly payments of $1,000 into an account paying 7% compounded quarterly. Payments begin on the 10th

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7. Suppose the parents of a child begin making quarterly payments of $1,000 into an account paying 7% compounded quarterly. Payments begin on the 10th birthday. How much will be available on the child's a) 15th and b) 21st birthday

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