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Business, 07.06.2021 05:30 peno211

It is now January 1. You plan to make a total of 9 deposits of $8,000 each, one every 3 months with the first payment being made today. The bank pays a nominal interest rate of 11% but uses quarterly compounding. How much your account with the bank be if you leave the money in the bank to be withdrawn all in 16 years from today?

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