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James deposits $200 in a bank account on the last day of each month. He increases the deposit by $10 each month. The payments continue

James deposits $200 in a bank account on the last day of each month. He increases the deposit by $10 each month. The payments continue for a period of 36 months.

What is the accumulated value of these payments on the day of the last payment (to the nearest dollar)? The interest rate is 6% p.a. compounded quarterly.

Question 5Select one: Select one:

A. 14927

B. 14534

C. 11609

D. 11817

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