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Could you please show the work? Im not unsure of the answer just the steps to get there, thanks. 6) You make a series of
Could you please show the work? Im not unsure of the answer just the steps to get there, thanks.
6) You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 36. The first deposit is $1,100, and each deposit increases by $500 each Quarter. The nominal annual interest rate is 7%, and is compounded continuously. What is the Future Value of these series of deposits at the end of Quarter 36Step by Step Solution
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