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To purchase a specialty guitar for his band, for the last three years JJ Morrison has made payments of $ 9 2 at the end

To purchase a specialty guitar for his band, for the last three years JJ Morrison has made payments of $92 at the end of each month into a savings account earning interest at 5.47% compounded monthly. If he leaves the accumulated money in the savings account for another year at 6.14% compounded quarterly, how much will he have saved to buy the guitar?

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