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Find the amount of money in the account immediately

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Reference no: EM132742319

Problem 1: Suppose we make a deposit into a savings account at the end of each quarter for ten years. Our first deposit is $1000 and each subsequent deposit will be 10% greater than the previous one. If the savings account pays a nominal rate of interest of 3% converted monthly, find the amount of money in the account immediately following the final deposit.

Reference no: EM132742319

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