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PF.7 Annuities Homework Score: 2/56 2/16 answered Question 11 A. Kelsey deposits $500.00 every quarter into an account earning 3% interest compounded quarterly. How much
PF.7 Annuities Homework Score: 2/56 2/16 answered Question 11 A. Kelsey deposits $500.00 every quarter into an account earning 3% interest compounded quarterly. How much will Kelsey have in the account in 31 years? Kelsey will have in the account in 31 years. B. Alternatively, Kelsey could make a single deposit into an account earning 3% compounded quarterly for 31 years. How much would the lump sum deposit (single deposit) have to be in order to have saved the same amount of money in the account? Kelsey would have to make a lump sum deposit of Hint Question Help: D Video 1 D Video 2 D Video 3 D Video 4 Submit
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