Determine the balance in the account at the end of years

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Reference no: EM13850406

At the end of each three months Laura puts $200 into an account that pays 4% interest compounded quarterly. After 10 years she discontinues the payments but leaves the total amount in the account to collect interest for 10 more years. Determine the balance in the account at the end of 20 years?

Reference no: EM13850406

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