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An investor needs $19,000 in 12 years. (a) What amount should be deposited in a fund at the end of each quarter at 5% compounded
An investor needs $19,000 in 12 years. (a) What amount should be deposited in a fund at the end of each quarter at 5% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quarterly deposit if the money is deposited at 8% compounded quarterly
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