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Suppose a young couple deposits $900 at the end of each quarter in an account that earns 7.8%, compounded quarterly, for a period of 3
Suppose a young couple deposits $900 at the end of each quarter in an account that earns 7.8%, compounded quarterly, for a period of 3 years. After the 3 years, they start a family and find they can contribute only $200 per quarter. If they leave the money from the first 3 years in the account and continue to contribute $200 at the end of each quarter for the next 1821 years, how much will they have in the account (to help with their child's college expenses)? (Round your answer to the nearest cent.) \$ [0/0.23 Points] HARMATHAP12 6.3.005. Find the future value of an annuity of $1100 paid at the end of each year for 5 years, if interest is earned at a rate of 7%, compounded annually. (Round your answer to the nearest cent.) \$ x
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