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Exercise 5.1: Macy opens a savings account with $3,500. She then continues depositing $1,200 every quarter. How much will she have saved at the end
Exercise 5.1: Macy opens a savings account with $3,500. She then continues depositing $1,200 every quarter. How much will she have saved at the end of 20 years if the account pays interest at an APR of 5% compounded: a. 12 times a year? b. 52 times a year? c. 365 times a year
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