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It is now January 1 . You plan to make a total of 1 2 deposits of $ 7 , 0 0 0 each, one
It is now January You plan to make a total of deposits of $ each, one every months with the first payment being made today. The bank pays a nominal interest rate of but uses quarterly compounding. How much your account with the bank be if you leave the money in the bank to be withdrawn all in years from today?
Round to the nearest $ but do not use the $ sign. DO NOT USE commas to separate thousands. For example if you obtain $ then enter ; if you obtain $ then enter
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