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How many full deposits are required

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Reference no: EM133055476

Question - You want to save up for a car that costs $26,000. You make deposits of $1,000 at the end of each quarter in an account earning 7.25% compounded quarterly.

Required -

A) How many full deposits are required?

B) What is the amount of the smaller concluding deposit at the end of the next quarter?

Reference no: EM133055476

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