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Demonstrate how much will have at the end of the fourth year

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Question 1: Gina plans to start her university education four years from now. To pay her education,she has decided to save $1000 a quarter for the next four years in bank account paying 12% per annum interest, compounded quarterly. Assume that deposits are made at the start of each period. How much will she have (to the nearest dollar) at the end of the fourth year?

Reference no: EM132622855

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