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Alex invests quarterly deposits for 10 years in Fund A. The deposits are made at the end of each quarter. The amount of each deposit
Alex invests quarterly deposits for 10 years in Fund A. The deposits are made at the end of each quarter. The amount of each deposit during the first year is $1,000. The amount of each deposit during the second year is $2,000. The amount of each deposit during the third year is $3,000. The deposits continue in the same pattern with deposits increasing by $1,000 each year. Find the accumulated value that Alex will have in Fund A at the end of 10 years given that Fund A pays an annual effective interest rate of 8%.
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