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Payments of 360 are made into a fund at the end of every

Payments of $360 are made into a fund at the end of every three months for twelve years. The fund earns interest at 7% compounded quarterly.

a) What will be the balance in the fund after twelve years?

b) How much of the balance is deposits?

c) How much of the balance is interest?

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Basic Computer Science: Payments of 360 are made into a fund at the end of every

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