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December 21, 2014

Homework Help: Finance

Posted by Kid Kicker on Thursday, October 6, 2011 at 2:09pm.

john deposited 3000 into an account with 5% annual interest rate compounde quarterly at the beginning of 2011. the bank guarantees that 5% annual interest rate for the next 10 years if john deposits 3000 every two years. assume that john does deposit 3000 every two years, what will the total amount of this account at the end of 2021?

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