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Is this right? e) Instead of depositing $5,000 now, you will deposit $5,000 at the end of each year for the next three years into
Is this right?
e) Instead of depositing $5,000 now, you will deposit $5,000 at the end of each year for the next three years into the same account paying 4.5% p.a., compounded every quarter. How much will you have at the end of the three years? I got: $20,925.77
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