Automatic savings plan-right after the last contribution

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Reference no: EM13846882

You enter into an automatic savings plan with RBC where $1250 is deducted from your paycheck at the end of each quarter starting on March 31, 2014 (first payment) to December 31, 2019 (last payment). If the account pays 8% (APR, monthly compounded), how much money is in the account on December 31, 2019 (right after the last contribution)?

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Reference no: EM13846882

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