What will be the future value for the cash flow steam

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Reference no: EM132008844

Joyce opens a money market account that earns 6% per year compounded monthly by depositing $15,000. She then deposits $1300 at end of the first 3 months (quarterly) and keeps depositing $40 more than the previous deposit every 3 months for 6 years. What will be the future value (value at the end of the 6 years) for the cash flow steam?

Future Value $__________

Sketch of cash flow diagram:

Reference no: EM132008844

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