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Q) What sum of money must be deposited at the end of every 3 months into an account paying 6% compo monthly to accumulate to

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Q) What sum of money must be deposited at the end of every 3 months into an account paying 6% compo monthly to accumulate to $25000 in 10 years? A) Length of the conversion period (monthly) # the length of payment interval (quarterly), and FV, is given we will use the future values formula for finding the PMT of Ordinary General Annuities

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