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Determining the annual rate of return

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Assuming a 5.15% annual rate of return, compounded quarterly, how much interest would a person earn in a savings plan that has an initial deposit of $215 along with deposits of $60 at the end of each quarter for 20 years?

Reference no: EM131767599

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Determining the annual rate of return : Assuming a 5.15% annual rate of return, compounded quarterly, how much interest would a person earn in a savings plan that has an initial deposit.
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