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It is now 1st of January 2022. You plan to make 11 deposit of $100 each, on every 3 months, with the first payment being
It is now 1st of January 2022. You plan to make 11 deposit of $100 each, on every 3 months, with the first payment being made today. If the bank pays a nominal interest rate of 12 percent, but uses quarterly compounding, how much will be in your account after 10 years?
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