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Mark intends to deposit $300 per year for the next 10 years in an account that pays 8% annual interest. Determine the total return, principal,
Mark intends to deposit $300 per year for the next 10 years in an account that pays 8% annual interest. Determine the total return, principal, and interest of each investment and assume all deposits are made at the end of each period.
A. $300 is deposited annually (6 points)
B. $150 is deposited semiannually (6 points)
C. $75 is deposited quarterly (6 Points)
D. How does increasing the frequency of compounding impact the total return? (2 Points)
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