How much total interest does the bank contribute

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You wish to accumulate a total of $ 37,501 for a special purpose exactly 6 years from now. You will make deposits quarterly, with the first one exactly 9 quartersfrom now and the last one exactly 6 years from now. The savings rate is 7.15 % compounded quarterly. How much total interest does the bank contribute towards your accumulation?

Reference no: EM132575081

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