How much will leslie accumulate in three years

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Point 1: Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends are planning a trip to Europe after graduation in a little over 3 years. Leslie would like to contribute to a savings account over the next 3 years in order to accumulate enough money to take the trip.

Question 1: Assume an interest rate of 18% compounded quarterly. How much will Leslie accumulate in 3 years by depositing $540 at the beginning of the next 12 quarters?

Reference no: EM132487569

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