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How much will have at the end of five years

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Problem 1: You are saving for a new house and you put $10,000 per quarter in an account paying 8 percent compounded quarterly. The first payment is made today. How much will you have at the end of 5 years?

Select one:

a. $14,693.28
b. $14,859.47
c. $24,7833.17
d. $24,2973.69

Reference no: EM132776861

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