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8. To provide for the purchase of a car, Alexis deposits $1200 at the end of every quarter into an account earning 12% p.a. compounded

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8. To provide for the purchase of a car, Alexis deposits $1200 at the end of every quarter into an account earning 12% p.a. compounded quarterly. a) How much does Alexis have at the end of four years? b) How much more does she need to save before she can buy a car costing $25 000? c) Will she have enough for this car if she saves for four and a half years

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