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Step 1 : Calculate Future Value of the First 4 Years of DepositsFirst, we need to calculate the future value of the monthly deposits for

Step 1: Calculate Future Value of the First 4 Years of DepositsFirst, we need to calculate the future value of the monthly deposits for the first 4 years. We'll use the formula for the future value of an annuity:FV=P\times ( r(1+r) n 1)Where:P is the monthly depositr is the monthly interest raten is the number of periodsFor the first 4 years:P=$150r=44%=1%=0.01(quarterly interest rate)n=4\times 12=48(48 months)FV 1=150\times (0.01(1+0.01)481)Step 2: Calculate Future Value of the Next 2 Years of DepositsNext, we calculate the future value of the increased monthly deposits for the next 2 years. We'll use the same formula, but with different values:P=$250r=0.01(quarterly interest rate)n=2\times 12=24(24 months)FV 2=250\times (0.01(1+0.01)241)Step 3: Calculate the Total Future ValueFinally, we add the future values of the two periods to get the total future value:FV total =FV 1+FV 2 Let's calculate these values.CalculationsStep 1: Calculate Future Value of the First 4 Years of DepositsFV 1=150\times (0.01(1+0.01)481)FV 1=150\times (0.01(1.01)481)FV 1=150\times (0.011.6084371)FV 1=150\times (0.010.608437)FV 1=150\times 60.8437FV 1=9026.555Step 2: Calculate Future Value of the Next 2 Years of DepositsFV 2=250\times (0.01(1+0.01)241)FV 2=250\times (0.01(1.01)241)FV 2=250\times (0.011.2682411)FV 2=250\times (0.010.268241)FV 2=250\times 26.8241FV 2=6710.2525Step 3: Calculate the Total Future ValueFV total =FV 1+FV 2 FV total =9026.555+6710.2525FV total =15736.8075So, by the end of the 6-year period, Amir will have saved approximately $15,736.81.### ConclusionAmir will have saved approximately$15,736.81 by the end of the 6-year period, considering his monthly deposits and the interest earned on those deposits.

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