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A couple wants to accumulate $ 1 0 0 0 0 . If they deposit $ 2 5 0 at the end of each quarter

A couple wants to accumulate $

10 000 .

If they deposit $

250

at the end of each quarter year in an account paying J

4 = 6 %,

how many deposits must they make and what will be the size of the final deposit? Use both Procedure

1

and Procedure

2 .

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