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Problem #2: Suppose an account earns interest at a nominal annual discount rate of 2.89% compounded quarterly. Suppose [3 marks] also that you make deposits

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Problem #2: Suppose an account earns interest at a nominal annual discount rate of 2.89% compounded quarterly. Suppose [3 marks] also that you make deposits of $10757 in 8 years, $8614 in 15 years, and $6268 in 20 years. Determine the balance in 29 years. (A) 40851.59 (B) 40856.96 (C) 40846.22 (D) 40862.33 (E) 40840.85 Problem #2: Select

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