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June 30, 2015

Homework Help: business

Posted by mo2 on Monday, July 8, 2013 at 8:15pm.

Susie has decided to make deposits at the end of each quarter in the amout of $5,000. After three years, she makes more deposits and just lets the money sit there for two more years. What will be the balance in the account at the end of that time? Assume the bank will give her 8% interest compounded quarterly.

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