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Jamie deposited $5000 today in an account that earns 2.5% per quarter. Additional deposits are made at the end of every quarter for the next
Jamie deposited $5000 today in an account that earns 2.5% per quarter. Additional deposits are made at the end of every quarter for the next 20 years. The deposits starts at $100 and increase by$50 each quarter thereafter. Draw the Cash flow diagram and what is the future worth of the investment?
Please do not use excel and show all the steps. Thanks
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