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How much will be in the account three years from now

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Problem 1: You just deposited $3,000 in a bank account that pays a 4.0% nominal annual interest rate, compounded quarterly. If you also add another $6,750 to the account one year (4 quarters) from now and another $13,000 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?

Reference no: EM132946008

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