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How much of the money will be in the account three years

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Reference no: EM132672227

An investor makes 12 consecutive annual deposits of $1000 in a saving account that pays interest at a rate of 10% compounded quarterly:

Problem (a) Draw the cash flow.

Problem (b) How much of the money will be in the account 3 years after the last deposit?

Reference no: EM132672227

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