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A small business owner contributes $3000 at the end of each quarter to a retirement account that earns 8% compounded quarterly. Suppose when the account
A small business owner contributes $3000 at the end of each quarter to a retirement account that earns 8% compounded quarterly. Suppose when the account reaches $150,000, the business owner increases the contributions to $4000 at the end of each quarter. What will the total value of the account be after 15 more years?
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