Make uniform deposit every three months to savings account

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Reference no: EM13834482

A woman wishes to make a uniform deposit every three months to her savings account so that at the end of 10 years she will have $10,000 in the account. If the account earns 6% annual interest, compounded quarterly how much should she deposit each three months?

1. $205

2. $121

3. $315

4. $184

Reference no: EM13834482

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