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How much would have to deposit at beginning of two year

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Reference no: EM132969823

You want to receive $475 at the end of every three months for 2 years. Interest is 11.7% compounded quarterly.

Problem (a) How much would you have to deposit at the beginning of the 2-year period?

Problem (b) How much of what you receive will be interest?

Reference no: EM132969823

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