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How much will accumulate in an Individual Retirement Account (IRA) in 15 years if $5,000 is deposited in the account at the end of each

How much will accumulate in an Individual Retirement Account (IRA) in 15 years if $5,000 is deposited in the account at the end of each quarter during that time? The account earns 8% interest, compounded quarterly. What is the effective interest rate?

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