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Adrian made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 5.10% compounded quarterly and
Adrian made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 5.10% compounded quarterly and grew to $13,500.00 at the end of 5 years. a. Calculate the size of the month-end deposits. $201.92 $198.11 $151.17 $194.44 b. How long will it take for the $13,500.00 to accumulate to $34,355.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? 6 years and 11 months 10 years and 11 months 5 years and 11 months 5 years and 13 months
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