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If you deposit $200 every quarter into an account which pays 4.8% interest, compounded quarterly, how much money will you have in your account after
If you deposit $200 every quarter into an account which pays 4.8% interest, compounded quarterly, how much money will you have in your account after 11 years? Round your answer to the nearest whole dollar. Suppose you were to deposit a lump sum today, instead of making quarterly deposits. How much would you need to deposit today in order to end up with the same amount in the account? Round your answer here to the nearest whole dollar.
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