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How much will cyrus ultimately deposit in the account

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Problem 1: Cyrus deposits $?1000.46 each quarter into an annuity account for his child's college fund. He wishes to accumulate a future value of $95,000 in 17 year. Assuming an APR of 3.8%, how much of the $95,000 will Cyrus ultimately deposit in the account, and how much is interest earned? Round your answers to the nearest cent, if necessary.

Reference no: EM132795923

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