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How many quarterly payments will take for deposited

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Reference no: EM132892178

Problem 1: How many quarterly payments will it take for $400.00 deposited at the end of each quarter to amount to $11 453.40 at 6% compounded quarterly?

Option 1: 4 Years

Option 2: 3 Years

Option 3: 7 Years

Option 4: 6 Years

Option 5: 5 Years

Reference no: EM132892178

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