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Annum compounded quarterly on deposits

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Reference no: EM133058173

One of your goals is to start a business. You have estimated that this investment would be $ 80,000 and it would be 7 years from now; How much do you need to deposit at the beginning of each year in the next 5 years to accumulate the $ 80,000 if you can earn 8% per annum compounded quarterly on your deposits?

Reference no: EM133058173

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