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You wish to accumulate a total of $ 48,860 for a special purpose exactly 12 years from now. You will make deposits quarterly, with the

You wish to accumulate a total of $ 48,860 for a special purpose exactly 12 years from now. You will make deposits quarterly, with the first one exactly 6 quarters from now and the last one exactly 12 years from now. The savings rate is 12.58 % compounded quarterly. How much total interest does the bank contribute towards your accumulation?

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