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How much will have saved to buy the? guitar

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Problem 1: To purchase a specialty guitar for his? band, for the last year JJ Morrison has made payments of ?$123 at the end of each month into a savings account earning interest at 4.49?% compounded monthly. If he leaves the accumulated money in the savings account for another four years at 5.62?% compounded? quarterly, how much will he have saved to buy the? guitar?

Reference no: EM132969791

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