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A. Naomi deposits $300.00 every quarter into an account earning 5% interest compounded quarterly. How much will Naomi have in the account in 26 years?

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A. Naomi deposits $300.00 every quarter into an account earning 5% interest compounded quarterly. How much will Naomi have in the account in 26 years? Naomi will have in the account in 26 years. B. Alternatively, Naomi could make a single deposit into an account earning 5% compounded quarterly for 26 years. How much would the lump sum deposit (single deposit) have to be in order to have saved the same amount of money in the account? Naomi would have to make a lump sum deposit of Hint

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