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Use the appropriate annuity formulas in this module to answer question The Saskatchewan Roughriders started a rainy day savings fund three-and-a-half years ago to help

Use the appropriate annuity formulas in this module to answer question

The Saskatchewan Roughriders started a rainy day savings fund three-and-a-half years ago to help p y for stadium improvements. At the beginning of every quarter the team has deposited $20,000 into the fund, which has been earning 4.85% compounded semi-annually. How much money is in the fund today?

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