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Posted on May 19, 2024

A college student plans to deposit $ 3 2 0 in a savings account at the end of each quarter for the next 1 8

A college student plans to deposit $

320

in a savings account at the end of each quarter for the next

18

years. Interest is earned at a rate of

4 %

per year and is compounded quarterly. What is the future value of this annuity?

Format answer rounded to

2

decimal places, with no dollar signs, no spaces, and no commas

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