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The bank is offereing a savings plan as follows the initial

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The bank is offereing a savings plan as follows: The initial yield is 2.21% APY. If you maintain your account for at least 6months the yield increases to a 2.55% APY. You plan to start your account with a 3,200 inital deposit and then make regular deposits of 475 per quarter. What is my account balance in 11 months?

Reference no: EM13588580

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