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Blake made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 7.80% compounded quarterly and

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Blake made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 7.80% compounded quarterly and grew to $12,125.00 at the end of 5 years. a. Calculate the size of the month-end deposits. $169.49 $166.10 $108.16 $162.81 b. How long will it take for the $12,125.00 to accumulate to $33,315.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? 6 years and 10 months 10 years and 10 months 5 years and 10 months 5 years and 13 months

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