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Compute what is size of deposit makes while is? saving

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Problem 1: Mr. Clark makes a deposit at the beginning of every three months into a savings account that earns interest at 6.7?% compounded quarterly. He saves for seven ?years, then converts his savings into an annuity that pays him ?$1,000 at the beginning of every three months for two years. What is the size of the deposit he makes while he is? saving?

Reference no: EM132758717

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