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MATH

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Find the amount accumulated in the sinking fund if $1600 is deposited quarterly for 20 years at 6% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)

  • MATH -

    If this is compounded interest then the equation is

    1600(1+.06/4)^4*20 =

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