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a person is making monthly deposits of increasing size into a bank account for 5 years. Problem # 5: You will be making monthly deposits

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a person is making monthly deposits of increasing size into a bank account for 5 years.

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Problem # 5: You will be making monthly deposits of increasing size into a bank account for 5 years. The account will earn continuously compounding interest each month. Every 3 months (Le. every quarter) the interest rate will increase. The initial deposit will be $143. At the beginning of each month thereaer, another deposit will be made increasing by size $10. The continuously compounded interest rate will be 4.79% per annum for the first quarter, but will then increase by 0.4% at the beginning of each subsequent quarter. Note that the rate is the same constant value for each of the 3 months in a given quarter. Create a spreadsheet with headings as shown: A A B C D E F G L i TIrnestep Inial rate Rate increase Initial Deposit Increasein deposit i 0.083333 (yourvalue>

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