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How much will he have saved to buy the guitar

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Reference no: EM133020298

Question - To purchase a specialty guitar for his band, for the last two years JJ Morrison has made payments of $96 at the end of each month into a savings account earning interest at 4.77% compounded monthly. If he leaves the accumulated money in the savings account for another four years at 7.06% compounded quarterly, how much will he have saved to buy the guitar?

Reference no: EM133020298

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