How large will his down payment be 4 years from? today

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Hank Schrader plans to invest ?$1 comma 1,100 at the end of each quarter quarter for 4 years into an account with an APR of 8.4 percent compounded quarterly. He will use this money as a down payment on a new home at the end of the 4 years. How large will his down payment be 4 years from? today?

Reference no: EM132408186

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