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Gina has planned to start college education in four years from now. To pay for her college education, she has decided to save $1,000 a

Gina has planned to start college education in four years from now. To pay for her college education, she has decided to save $1,000 a quarter for the next four years in a bank account paying 12 percent interest (compounded quarterly). How much will she have at the end of fourth year? 


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