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How much money must be deposited into the fund

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Question - A trust fund is set up to make payments of $1000.00 at the end of each quarter for five years. Interest on the fund is 4% compounded quarterly.

(a) How much money must be deposited into the fund?

(b) How much will be paid out of the fund?

(c) How much interest is earned by the fund?

Reference no: EM133025486

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