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You make quarterly (end of period) payments of $30,000 into a pension fund earning 12 percent per year compounded quarterly for 10 years. How much
You make quarterly (end of period) payments of $30,000 into a pension fund earning 12 percent per year compounded quarterly for 10 years. How much interest will you have earned in 10 years? Show work
a. $3,256,300 b. $2,286.305 c. $1,316.160 d. $1,062,030
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