What will be the value of the investments at the end

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A man makes an investment every 3 months at a nominal annual interest rate of 28%, compounded quarterly. His first investment was $100, followed by investments increasing $20 each 3 months. Thus, the second investment was $120, the third investment $140, and so on. If he continues to make this series of investments for a total of 20 years, what will be the value of the investments at the end of that time?

Reference no: EM13245060

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