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Suppose you deposit $3,150 at the end of each quarter in an account that will earn interest at an annual rate of 9 percent compounded
Suppose you deposit $3,150 at the end of each quarter in an account that will earn interest at an annual rate of 9 percent compounded quarterly.
Required: How much will you have at the end of four years?
Note: Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.
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