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Determine the accumulated value of daily deposits of $56 each after 6 years if the deposits earn 7.4%/year compounded quarterly. Assume that the deposits are
Determine the accumulated value of daily deposits of $56 each after 6 years if the deposits earn 7.4%/year compounded quarterly. Assume that the deposits are made at the end of each day and that compound interest is paid for part of an interest period (i.e. for any fractional interest compounding period).
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