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Assume that you deposit $700 every three months at 6% annual rate, compunded quartely. How much will you have at the end of 20 years?
Assume that you deposit $700 every three months at 6% annual rate, compunded quartely. How much will you have at the end of 20 years? You borrow a five year $13,000 loan with monthly payments of $250. What is the annual percentage rate (APR) on the loan? Show your work.
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