Determining the entire balance to invest in an investment


Assignment:

Beverly Hills started a paper route on January 1, 2004. Every three months, she deposits $300 in her bank account, which earns 8 percent annually but is compounded quarterly. On December 31, 2007, she used the entire balance in her bank account to invest in an investment at 12 percent annually. How much will she have on December 31, 2010?

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.Provide step by step solutions for the above question.

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Finance Basics: Determining the entire balance to invest in an investment
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