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A sum of money is deposited at the beginning of each year for 3 years at 1 2 % compounded annually. After the last deposit
A sum of money is deposited at the beginning of each year for years at compounded annually. After the last deposit interest for the account is to be compounded quarterly
and the account is to be paid out by payments of $ made at the beginning of each quarter for nine years, what is the size of the annual deposit? FULL CALCULATIONS
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