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What if the deposits were made at the beginning of the year

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Problem 1: Santiago deposited $5,000 at the end of each quarter for 3 years. If he did not make any withdrawals in all this time and his bank paid him 1% compoundable interest every quarter, how much did he collect at the end of the 3 years? What if the deposits were made at the beginning of the year?

Reference no: EM132936954

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