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CP will need save some money to open a new branch of convenient store in 3 years. A special account, which yields 4% compounded quarterly,
CP will need save some money to open a new branch of convenient store in 3 years. A special account, which yields 4% compounded quarterly, is prepared for CP to set aside $17000 at the end of every 3-month period, to accumulate the money.
How much money will CP have after 3 years? $Answer
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