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Suppose currently you have $65 in your bank account. Suppose you will deposit $100 into your bank account at the beginning of each quarter. Suppose
Suppose currently you have $65 in your bank account. Suppose you will deposit $100 into your bank account at the beginning of each quarter. Suppose the bank pays interests every 66.5 days. How much will you have in your bank account after 6 years if the bank interest rate is 6% per year? (Note: suppose you will not withdraw from your bank account over this 6-year period.)
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