Accumulated balance in savings plan

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Assuming a 5.25% rate of return, compound quarterly, what wouldd be the accumulated balance in savings plan that has an initial deposit of $1000 and quarterly payments of $500 for 40 years.

Reference no: EM131069779

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Accumulated balance in savings plan : Assuming a 5.25% rate of return, compound quarterly, what wouldd be the accumulated balance in savings plan that has an initial deposit of $1000 and quarterly payments of $500 for 40 years.
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