How much money will be in his account

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Question: Joe's son will start college in 3 years. Joe wants to accumulate money for his son's education. He is going to place $2,480 every quarter of a year at the end of the period in a saving account, at an annual interest rate of 6.13 percent per year, compounded quarterly. How much money will be in his account at the end of that time period?

Reference no: EM133265154

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