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Peter made periodic deposits into a savings account at the end of every month for 3 years. The investments were earning 7 . 2 0
Peter made periodic deposits into a savings account at the end of every month for years. The investments were earning compounded quarterly and grew to $ at the end of years. a Calculate the size of the monthend deposits. $ $ $ $ b How long will it take for the $ to accumulate to $ if the interest rate remained the same and he continued making the same monthend deposits throughout the term? years and months years and months years and months years and months
Peter made periodic deposits into a savings account at the end of every month for years. The investments were earning compounded quarterly and grew to $ at the end of years.
a Calculate the size of the monthend deposits.
$
$
$
$
b How long will it take for the $ to accumulate to $ if the interest rate remained the same and he continued making the same monthend deposits throughout the term?
years and months
years and months
years and months
years and months
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