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Ms. Smith deposits $ 25 in her bank at the end of each quarter for 10 years. It earns a nominal interest of 3%, capitalized
Ms. Smith deposits $ 25 in her bank at the end of each quarter for 10 years. It earns a nominal interest of 3%, capitalized quarterly. How much will he be in 10 years, if in addition to these payments Mr. Smith has already placed $ 1,000 in the bank and this amount of $ 1,000 also earns 3% interest, capitalized quarterly?
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