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You make a series of quarterly deposits every quarter starting at the end of quarter 1 and ending at the end of quarter 20. The
You make a series of quarterly deposits every quarter starting at the end of quarter 1 and ending at the end of quarter 20. The first deposit is $1,500 and each deposit increases by $200 each quarter. The nominal annual interest rate is 10%, and is compounded continously. What is the future value of these deposits at the end of quarter 20?
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