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An ambitious saver plans to deposit exist1,000 in a bank account starting 1 quarter from now and wants to increase the deposits by exist100 each

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An ambitious saver plans to deposit exist1,000 in a bank account starting 1 quarter from now and wants to increase the deposits by exist100 each quarter for the next five (5) years. Assuming the deposits earn 6% compounded quarterly, determine how much money will have deposited in the bank account at the end of five years. F = exist7, 711 F = exist64762 F = exist16, 054 F = exist43, 948

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