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You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 40. The first

You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 40. The first deposit is $1,200, and each deposit increases by $250 each Quarter. The nominal annual interest rate is 8%, and is compounded MONTHLY. What is the Future Value of these series of deposits at the end of Quarter 40?

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