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Tyler made periodic deposits into a savings account at the end of every month for 4 years. The investments were earning 5.40% compounded quarterly and
Tyler made periodic deposits into a savings account at the end of every month for 4 years. The investments were earning 5.40% compounded quarterly and grew to $12,000.00 at the end of 4 years. a. Calculate the size of the month-end deposits. $229.95 $224.64 $179.31 $219.55 b. How long will it take for the $12,000.00 to accumulate to $44,300.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? 8 years and 10 months 11 years and 10 months 7 years and 10 months 7 years and 13 months
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