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ou would like to contribute to a savings account over the next five years in order to accumulate enough money to take a amily trip.

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ou would like to contribute to a savings account over the next five years in order to accumulate enough money to take a amily trip. Assume an interest rate of 8%, compounded quarterly. How much will accumulate in five years by depositing 5600 at the BEGINNING of each of the next 20 nuarters

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